Otter.ai raised $320 million from General Catalyst’s growth fund. It will use the funds for enterprise growth and international expansion. The company crossed $100 million in annual revenue last year. It now has 40 million users, up from 25 million last year. Otter plans to turn meeting transcripts into actionable insights. It is testing prebriefs and a Live Assist feature for meetings.
What changed
Otter.ai had raised $50 million in total funding with its last round in 2021.
What it unlocks
Funding for enterprise growth, go-to-market strategy, international expansion, and product innovation.
- $320 million raised
- $100 million ARR crossed last year
- 40 million users to date
Sources