GoKawiilOtter.ai secures $320M from General Catalyst's revenue-based fund
Otter.ai announced a $320 million investment from General Catalyst's Customer Value Fund, a non-dilutive financing vehicle tied to marketing spend returns. The meeting transcription company, which had raised only $50 million previously, plans to use the funds for enterprise expansion, international growth, and product development. Otter reports 40 million cumulative users, up from 25 million a year ago, though it did not disclose active user or retention figures.