Otter.ai Raises $320 Million Without Selling Shares
Otter.ai took $320 million from a General Catalyst fund paid out of revenue, not equity, while its latest published revenue figure is a year old.
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Company — Otter.ai develops AI tools for meeting transcription, summaries and workplace knowledge. Its meeting agents extend from note-taking into live assistance, sales workflows and access to information discussed across an organization.
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At a glance
Otter.ai develops AI tools for meeting transcription, summaries and workplace knowledge. Its meeting agents extend from note-taking into live assistance, sales workflows and access to information discussed across an organization.
- Products
- Otter; OtterPilot; AI Meeting Agents
- Focus
- Meetings; transcription; enterprise knowledge
- Business metric
- Company-reported ARR
- Reference
- Otter.ai ↗
Sources checked . Selected company background and milestones.
Company milestones
Revenue, funding, product launches and major company events, newest first. Expand earlier milestones for more history.
Secures $320M in growth financing
General Catalyst’s Customer Value Fund supplies $320 million to support enterprise expansion and go-to-market activity. Otter reports over 40 million users. This financing is separate from its ARR.
Source: Otter.ai ↗Introduces Live Assist
Otter announces an AI agent for live guidance and coaching during meetings.
Source: Otter.ai ↗Expands into an enterprise knowledge engine
The company connects meeting information with broader enterprise knowledge workflows.
Source: Otter.ai ↗Launches next-generation Enterprise Suite
Otter expands its offering for organizations moving beyond standalone meeting transcription.
Source: Otter.ai ↗Passes $100M ARR and launches meeting agents
Otter reports more than $100 million in ARR and 25 million users, alongside a suite of meeting and sales agents. ARR is an annualized recurring run rate.
Source: Otter.ai ↗Introduces Otter AI Chat
A conversational interface lets users ask questions about meeting content.
Source: Otter.ai ↗Launches OtterPilot
The company introduces an automated meeting assistant and reports more than one billion meetings transcribed.
Source: Otter.ai ↗Introduces Otter
AISense announces the Otter product, bringing AI transcription to conversations and meetings.
Source: Otter.ai ↗AISense raises $10M Series A
The company behind Otter secures early financing for its conversational AI technology.
Source: Otter.ai ↗
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