Otter.ai Raises $50 Million Series B Led by Spectrum Equity to Address Over a Billion Users of Online Meetings and Demand for Otter’s Productivity and Collaboration App
Summary
Otter.ai’s AI-powered collaborative note-taking and productivity app work seamlessly with video conferencing platforms like Zoom and Google Meet and with phone calls and other voice communications. Apen has experience building globally recognized consumer technology brands, including Coursera, Disney Mobile Games, and eBay. Otter.ai’s vision is to create more effective meeting spaces through advances in AI and ML, and we are thrilled to leverage Spectrum Equity’s experience in scaling product-driven growth companies. We look forward to providing the guidance and strategic resources to drive focused product innovation and operational growth.” Otter.ai’s revenue has grown more than 800 percent in 2020. Representative investments include Ancestry, Bats Global Markets, GoodRx, Grubhub, Jimdo, Lucid Software, Lynda.com, SurveyMonkey, The Knot Worldwide and Verafin.
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