About Otio
Otio is a company based in London (United Kingdom) founded in 2022 by Yasaman Rajaee and Ash Prabaker.. Otio has raised $1.1 million across 2 funding rounds from investors including Fuel Ventures and Signature Ventures. Otio offers products and services including AI Summaries, Chat with Documents, Workflow Automation, and AI Text Editor. Otio operates in a competitive market with competitors including Primer, AssemblyAI, Scholarcy, genei and Summari, among others.
- Headquarter London, United Kingdom
- Founders Yasaman Rajaee, Ash Prabaker
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Frontdoor Labs Ltd
- Date of Incorporation 27 May, 2022
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.1 M (USD)
in 2 rounds
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Latest Funding Round
$100.96 K (USD), Seed
Sep 05, 2023
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Investors
Fuel Ventures
& 1 more
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Employee Count
Employee Count
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Products & Services of Otio
Otio offers a comprehensive portfolio of products and services, including AI Summaries, Chat with Documents, Workflow Automation, and AI Text Editor. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Generates structured summaries of documents and videos for quick insights.
Enables users to query and extract insights from imported sources.
Automates repetitive research tasks to save time and effort.
Assists in drafting, editing, and paraphrasing content based on sources.
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Funding Insights of Otio
Otio has successfully raised a total of $1.1M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $100.96 thousand completed in September 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $100,958
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First Round
First Round
(05 Aug 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Seed - Otio | Valuation |
investors |
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| Aug, 2022 | Amount | Seed - Otio | Valuation | Signature Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Otio
Otio has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Fuel Ventures and Signature Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multiple sectors are invested in by this venture capital firm.
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Founded Year | Domain | Location | |
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Signature Ventures is involved in backing innovative ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Otio
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Otio
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Otio Comparisons
Competitors of Otio
Otio operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Primer, AssemblyAI, Scholarcy, genei and Summari, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI based text summarization and contextualization software tool
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| domain | founded_year | HQ Location |
Provider of speech to text solutions
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| domain | founded_year | HQ Location |
Research documents are summarized into AI-powered interactive flashcards.
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| domain | founded_year | HQ Location |
An AI-powered tool for research and summarisation is provided.
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| domain | founded_year | HQ Location |
Provider of an AI and cloud-powered reading assistant
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Otio
When was Otio founded?
Otio was founded in 2022.
Where is Otio located?
Otio is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Otio a funded company?
Otio is a funded company, having raised a total of $1.1M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Aug 05, 2022.
What does Otio do?
Otio was founded in 2022 in London, United Kingdom, as an AI-driven platform in the productivity software sector. Operations focus on streamlining research and writing workflows through features such as idea generation, content organization, text summarization, and smart note creation from sources. Services are delivered via a web-based domain, otio.ai, targeting users seeking efficiency in knowledge management and document preparation.
Who are the top competitors of Otio?
Otio's top competitors include Primer, AssemblyAI and Crate.
What products or services does Otio offer?
Otio offers AI Summaries, Chat with Documents, Workflow Automation, and AI Text Editor.
Who are Otio's investors?
Otio has 2 investors. Key investors include Fuel Ventures, and Signature Ventures.