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Otter.ai raises $320 million from General Catalyst

Original: Otter.ai raises $320 million from General Catalyst’s growth fund for its meeting tool Meeting note-taking tool Otter.ai

Meeting note-taking startup Otter.ai announced it has raised $320 million from General Catalyst's Customer Value Fund, a growth vehicle that provides capital to startups without diluting existing shareholders. The funding backs Otter's AI-powered tool that transcribes and summarises meetings, as investor interest in workplace AI applications continues to run high.

Why now: Large non-dilutive funding rounds for AI meeting tools are rare and signal strong momentum in the workplace AI sector.

Otter.aiGeneral Catalyst

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Evidence

• Otter.ai raises $320 million from General Catalyst’s growth fund for its meeting tool Meeting note-taking tool Otter.ai announced on Tuesday that it has raised $320 million from General Catalyst’s Customer Value Fund (CVF), which provides capital to startups without diluting… · techwire@gamefan.net · 2

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