Otter.ai Raises $320 Million From General Catalyst Customer Value Fund

Oct 20, 2026
Otter.ai raised $320 million from General Catalyst's Customer Value Fund. The company will use the financing for enterprise sales, international expansion and product work.

Otter.ai raised $320 million from General Catalyst's Customer Value Fund, according to TechCrunch. The fund provides financing without diluting equity and receives returns based on the results of marketing spending.

Otter.ai will use the financing for enterprise growth, its go to market strategy, international expansion and product work. Before this, the company had raised $50 million in total, with its last round in 2021, according to PitchBook data.

The meeting notes company passed $100 million in annual recurring revenue in 2025 and says 40 million people have used its product, up from 25 million last year. It is testing meeting briefings and a Live Assist feature that lets users ask its AI assistant questions during meetings.

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