Otter.ai raises $320M in non-dilutive capital from General Catalyst
Otter.ai secured $320 million in non-dilutive funding from General Catalyst's Customer Value Fund to drive enterprise growth and product innovation.
ImportanceMaterialEvidenceE3 inspectableWrite-upQuick
US-based AI meeting note-taking company Otter.ai announced on October 20, 2026, that it has raised $320 million in non-dilutive capital from General Catalyst's Customer Value Fund (CVF). This fund provides capital to startups without diluting equity, earning returns based on the results of marketing spend.
According to TechCrunch, Otter.ai stated that it will use these funds for enterprise growth, go-to-market strategy, international expansion, and product innovation. Data from PitchBook indicates that the company had previously raised a total of $50 million, with its last round occurring in 2021.
Otter.ai crossed the $100 million annual recurring revenue (ARR) milestone last year and currently serves 40 million users. Despite competition from tools like Fireflies.ai, Granola, and Read AI, this financing highlights investor confidence in the potential of voice AI in the enterprise sector.