8 Ai Writing Tool Success Stories [2023]

Pat Walls

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Updated: July 24th, 2023

Create An Ai Writing Tool

Unveiling the sphere of AI writing tools: a business proposition that delves into the rapid advancements of technology. This enterprise revolves around creating a digital tool powered by Artificial Intelligence to aid in content creation. Capable of generating accurate and engaging content, this tool could revolutionize the way businesses, bloggers, and students write.

Embedding artificial intelligence into the core of content creation, it offers significant advantages over traditional methods of writing. Automated, error-free, and time-efficient content is now one click away. An AI writing tool is the future writer's best friend.

Drawing upon the appealing facet of innovation, this business idea is not only futuristic but substantively needed given today's demand for constant, quality content. Imagine providing a solution that ease the workload of writers around the globe, transforming their process and boosting their productivity. It's time you make a mark on the digitized world and embark on this exciting journey of developing an AI writing tool.

Here are some real life success stories of starting a AI writing tool:

1. Rytr ($60K/year)

Abhi (from San Francisco, CA, USA) started Rytr over 2 years ago.

Revenue

$5K / month

View case study

Team

2 founders / 1 employees

Case Study

Hi, I’m Abhi, founder & CEO of a startup platform and business incubator where we incubate and scale new ventures regularly, and Rytr is one of our flagship products that has now become one of the leading AI writing assistants in the market serving 300,000+ customers across the world doing seven figures in ARR. It’s great to see the overwhelming response we’ve received from the market.

With 13+ yrs of combined experience across consulting, venture capital, and startups in the US, Europe & Asia, I have helped build and scale multiple products over the years that have touched millions of users and revenue. I've also led large product & growth teams, mentored 100s of founders on product, growth, BD, sales, hiring, and fundraising, and raised funding from investors like 500Startups, Entrepreneur First, and more.

i-built-a-simple-ai-writing-tool-that-makes-60k-year

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I Built A Simple AI Writing Tool That Makes $60K/Year ➜

Learn more about starting an AI writing tool:

Where to start?

-> How much does it cost to start an AI writing tool?
-> Pros and cons of an AI writing tool

Need inspiration?

-> Examples of established AI writing tool
-> Marketing ideas for an AI writing tool

Other resources

Part of

Createing An Ai Writing Tool: Everything You Need To Know

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4. Grammarly ($208M/year)

Grammarly makes money using a freemium model to sell premium writing subscriptions to three different customer segments: individual users, businesses, and educational institutions. Apart from selling premium writing subscriptions, the company also generates some revenue by selling its human proofreading service.

Max Lytvyn, Dmytro Lider, and Alex Shevchenko (from San Francisco, California, USA) started Grammarly over 14 years ago.

Revenue

$17.4M / month

View case study

Team

3 founders / 1057 employees

Case Study

Max Lytvyn, Dmytro Lider, and Alex Shevchenko founded Grammarly, an AI-powered writing tool, in 2009.

The tool provides individuals and businesses with unrivaled, market-leading communication support by combining technological approaches with human expertise.

Grammarly aims to improve people's lives by fostering better communication. Every day, 30 million people and 50,000 teams use this writing assistance technology.

The company raised $200 million in November 2021 from investors, including Baillie Gifford and BlackRock, at a valuation of $13 billion.

Read the full story on forbes.com ➜

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Grammarly Founders Become Billionaires From Fixing Your Sloppy Writing ➜

5. Jasper

Create content 5x faster with artificial intelligence. Jasper is the highest quality AI copywriting tool with over 3,000 5-star reviews. Best for writing blog posts, social media content, and marketing copy.

Business rank: #4.07K

Check out their full website ➜

6. Anyword

Anyword’s AI writing assistant generates effective copy for anyone. Take the guesswork out of your marketing text with an AI copywriting tool that converts.

Business rank: #10.8K

Check out their full website ➜

7. Blurb

Create, print, and sell professional-quality photo books, magazines, trade books, and ebooks with Blurb! Chose from several free tools or use Adobe InDesign or Adobe Lightroom.

Business rank: #14.3K

Check out their full website ➜

8. Grammarly

Millions trust Grammarly’s free writing app to make their online writing clear and effective. Getting started is simple — download Grammarly’s extension today.

Estimated revenue: $17.4M/month
Business rank: #134

Check out their full website ➜

Pat Walls, Founder of Starter Story

Want to find more ideas that make money?

Hey! 👋 I'm Pat Walls, the founder of Starter Story.

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