AI-powered meeting transcription company Otter.ai raised $320 million in a growth financing round from General Catalyst’s Customer Value Fund. The non-equity financing gives the company capital to expand without diluting shareholder ownership.
Otter.ai plans to use the funds to accelerate its enterprise business, expand internationally, and drive product innovation.
The investment could intensify competition in the AI meeting assistant market, where Otter.ai competes with offerings from major tech players.