Startup profile for Otter.ai: latest funding, latest known valuation, total disclosed funding, investors, status, sources, and why the company is interesting. Part of the Venture Capital Tracker startup directory.
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Otter.ai funding, valuation and investors

AI meeting assistant for real-time transcription, summaries, and collaborative notes.

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Funding, valuation & investors

Answer-first snapshot

Latest funding

Series B

$50M · February 2021

Latest known valuation

Not publicly disclosed

Total disclosed equity funding

$50M

Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.

Current status

private

growth · Mountain View, California, USA

Investors in latest funding

Lead: Spectrum Equity

Other: GGV Capital

Latest tracked event: Customer Value Fund financing (repayable, non-equity) (October 20, 2026). It is shown separately because it is not counted as disclosed equity funding.

Sources: latest funding · otter.ai Last verified: 2026-10-22

Overview

Otter.ai provides AI meeting transcription, summaries and searchable conversation notes. On October 20, 2026, it announced $320 million in growth financing from General Catalyst's Customer Value Fund for enterprise and international expansion. CEO Sam Liang told Reuters the financing is repayable with interest rather than equity, avoiding dilution from this transaction. No new valuation or full financing terms were disclosed. Otter reports more than 40 million users; this is not a count of paying enterprise contracts.

Why Otter.ai is interesting

A large installed user base gives Otter an opportunity to build a larger enterprise business. The $320M financing funds that effort without new equity issuance, while introducing repayment costs that must be covered by customer revenue.

Product & use cases

Otter joins video calls as a bot or via calendar sync, producing live transcripts, AI summaries, action items, and searchable archives. OtterPilot automates follow-ups for sales and recruiting workflows.

  • Automatic meeting notes for remote teams
  • Sales call transcription and CRM integration
  • Accessibility captions for live conversations
  • Searchable archive of organizational knowledge from calls

Key facts

  • Series B (Feb 2021): $50M led by Spectrum Equity — Otter blog
  • GGV Capital among historical backers
  • Featured in a16z Top 100 GenAI apps
  • Integrates Zoom, Google Meet, Microsoft Teams
  • a16z portfolio listing separate from Spectrum-led cap table

Funding history (newest first)

Customer Value Fund financing (repayable, non-equity)

2026-10-20 $320M

Source: Read source · otter.ai

Series B

2021-02 $50M

Source: Read source · otter.ai

Investors in our directory

Funds linked from Otter.ai's profile — open a fund page for stage focus and related deal articles.

andreessen-horowitz ggv-capital general-catalyst

Competitive landscape

Edge: Early mover in accurate real-time transcription with strong calendar integrations before incumbents added native features.

Meeting AI commoditized post-2023 as Zoom, Google, and Microsoft added transcription. Otter survives on cross-platform UX, OtterPilot workflows, and prosumer-to-enterprise upsell. a16z listing reflects category importance more than recent mega-rounds.

  • Zoom AI Companion incumbent

    Built into Zoom; Otter competes as best-of-breed cross-platform.

  • Microsoft Copilot in Teams incumbent

    Bundled for Microsoft 365 enterprises.

  • Fireflies.ai direct

    Similar meeting bot with CRM focus; aggressive pricing.

  • Granola direct

    Newer AI meeting notes startups targeting prosumer users.

Notable stories

  • Otter founders Sam Liang and Yun Fu previously worked on Google Maps location infrastructure — applied speech and mobile expertise to meeting capture.
  • Otter scaled during COVID remote-work wave before Big Tech bundled similar features.

Industries

ai-ml enterprise-saas consumer

Market / IPO context

Editorial / static context — not a live quote.

Related funding articles

Venture Capital Tracker pieces that cover Otter.ai's financing or category context.

FAQs about Otter.ai

Practical answers founders, operators, and investors typically search for.

Otter.ai transcribes meetings live, generates AI summaries, and creates searchable notes. It works with Zoom, Google Meet, and Teams.
General Catalyst’s Customer Value Fund provided $320 million in repayable non-equity financing in October 2026. This transaction does not establish a new equity valuation.
Otter offers free tiers with minute limits. Pro and Business plans add more transcription hours and team features — see otter.ai/pricing.
Zoom includes native captions and summaries for Zoom users. Otter works across meeting platforms and offers deeper search and sharing.
Sam Liang (CEO) and Yun Fu co-founded Otter.ai in 2016.
Otter stores transcripts in cloud accounts with enterprise security options. Review otter.ai privacy policy for retention and training use.
OtterPilot is Otter's automated meeting assistant for sales and workflows — joining calls and generating structured follow-ups.
Both offer meeting bots and CRM hooks. Feature parity is high; choice often comes down to integration quality and pricing.
The latest announcement is $320 million of repayable growth financing, disclosed October 20, 2026. It should be kept separate from earlier equity funding; no new valuation was announced.
Accuracy depends on audio quality and accents. Otter is widely used but users should verify critical quotes from transcripts.
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Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.