Otter.ai raises $320M to fuel enterprise growth and AI meeting tools

Otter.ai announced a $320 million growth round led by General Catalyst's Customer Value Fund, bringing total funding to over $50 million. The company surpassed $100 million in annual recurring revenue last year and reports 40 million total users. The funding will support enterprise expansion, international growth, and product innovation. Otter faces competition from well-funded rivals including Fireflies.ai and Granola as it aims to turn meeting transcripts into actionable business insights.