About Otter.ai
Otter.ai is a company based in Los Altos (United States) founded in 2016 by Eli Calderon Morin, Yun Fu, and Sam Liang.. Otter.ai has raised $70 million across 3 funding rounds from investors including Duke University, Bridgewater Associates and Spectrum Equity. Otter.ai offers products and services including Otter Meeting Agent, AI Chat, and Transcription Service.
- Headquarter Los Altos, United States
- Founders Eli Calderon Morin, Yun Fu, Sam Liang
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$70 M (USD)
in 3 rounds
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Latest Funding Round
$50 M (USD), Series B
Feb 25, 2021
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Investors
Duke University
& 11 more
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Employee Count
Employee Count
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Products & Services of Otter.ai
Otter.ai offers a comprehensive portfolio of products and services, including Otter Meeting Agent, AI Chat, and Transcription Service. 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.
Automates meeting notes, transcripts, and action items generation
Creates emails and updates from meeting data using AI
Converts spoken meetings into text for easy reference
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Funding Insights of Otter.ai
Otter.ai has successfully raised a total of $70M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $50 million completed in February 2021. 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 3
- Last Round Series B — $50.0M
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First Round
First Round
(20 Nov 2017)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Series B - Otter.ai | Valuation | Spectrum Equity | |
| Jan, 2020 | Amount | Series A - Otter.ai | Valuation | Ntt Docomo Ventures | |
| Nov, 2017 | Amount | Series A - Otter.ai | Valuation | Horizons 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 Otter.ai
Otter.ai has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Duke University, Bridgewater Associates and Spectrum Equity. 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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Growth equity investments and partnerships in finance and related sectors.
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Founded Year | Domain | Location | |
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Horizons Ventures is focused on investing in deep science and technology.
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Founded Year | Domain | Location | |
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Early-stage technology companies receive venture capital investments.
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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 Otter.ai
| 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 - Otter.ai
| 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 |
Otter.Ai Comparisons
Competitors of Otter.ai
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Otter.Ai
Frequently Asked Questions about Otter.ai
When was Otter.ai founded?
Otter.ai was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Otter.ai located?
Otter.ai is headquartered in Los Altos, United States. It is registered at Los Altos, California, United States.
Who is the current CEO of Otter.ai?
Sam Liang is the current CEO of Otter.ai. They have also founded this company.
Is Otter.ai a funded company?
Otter.ai is a funded company, having raised a total of $70M across 3 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Nov 20, 2017.
What does Otter.ai do?
Otter is a provider of cloud and AI-based voice transcription software for meetings. It enables users to click on the microphone icon to begin a recording and generate live, raw transcripts of speech converted to text. The artificial intelligence then groups recordings, saves recorded messages, recognizes voices for future use, and shares these transcripts to absentees. It has been featured in Forbes. Its clients include UCLA and Columbia University.
What products or services does Otter.ai offer?
Otter.ai offers Otter Meeting Agent, AI Chat, and Transcription Service.
Who are Otter.ai's investors?
Otter.ai has 12 investors. Key investors include Duke University, Bridgewater Associates, Spectrum Equity, Horizons Ventures, and Draper Associates.
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