Otter.ai Raises $320M Growth Capital

Otter.ai, based in Mountain View, California, is a leading provider of AI-powered meeting transcription and conversational intelligence software. The company has secured $320 million in growth financing to support its mission of becoming the voice system of record for global enterprises.

Investors

This funding round was led by General Catalyst through its Customer Value Fund.

Otter.ai Use of Funds

The company plans to use the new capital to accelerate its enterprise growth, expand its go-to-market strategies, pursue international expansion, and drive product innovation. These efforts aim to advance its platform into a definitive knowledge layer that transforms conversations into actionable enterprise insights and agentic workflows.

About Otter.ai

Founded by Sam Liang and Yun Fu, Otter.ai is an enterprise software platform that uses proprietary automatic speech recognition and speaker identification technology to transcribe and analyze meetings. The platform helps organizations turn conversations into searchable business intelligence and improve productivity across industries. Otter.ai aims to become the voice system of record for enterprises.

Funding Details

Company Website: https://otter.ai

Company: Otter.ai
Raised: $320M
Round: Growth Capital
Funding Date: October 20, 2026
Lead Investor: General Catalyst
Company Website: https://otter.ai
Software Category: AI/SaaS
Source: https://www.businesswire.com/news/home/20261020026393/en/General-Catalyst-Backs-Otter.ais-Voice-AI-Ambitions-with-%24320M-Growth-Investment