About Otter.ai
Otter.ai offers real-time transcription services powered by artificial intelligence, primarily through its AI Meeting Assistant, which transcribes audio, identifies speakers, and generates meeting summaries. The platform integrates with popular virtual meeting tools like Zoom and Microsoft Teams, making it useful for remote work and education. Otter.ai operates on a subscription model, catering to individuals, teams, and enterprises, and features OtterPilot, which enhances meeting automation by recording audio and extracting action items. The company's goal is to improve the documentation of meetings and lectures, making information more accessible and actionable.
Los Altos, CaliforniaHeadquarters
2016Year Founded
$71MTotal Funding
SERIES_BCompany Stage
Consumer Software, AI & Machine Learning, EducationIndustries
201-500Employees
Benefits
Competitive salary
Comprehensive stock and equity package
Hybrid Work Options
Company Gatherings
Comprehensive health care package (medical, dental, vision, life, disability)
PTO
401(k) retirement savings program
Risks
Competition from AI tools like Snap by Swit Technologies challenges Otter.ai.
Emerging startups like Jivi AI could disrupt niche markets Otter.ai serves.
Localized AI models like Sahabat-AI may limit Otter.ai's global reach.
Differentiation
Otter.ai offers real-time transcription with speaker identification and meeting summaries.
The platform integrates seamlessly with Zoom, Microsoft Teams, and Google Meet.
OtterPilot enhances productivity by automating note-taking and action item extraction.
Upsides
Growing demand for AI transcription in remote work boosts Otter.ai's market potential.
AI in education market growth offers expansion opportunities for Otter.ai.
Small businesses investing in AI align with Otter.ai's productivity solutions.
Funding
Total raised$71.01 M
Latest valuation$200.00 M
StageSERIES_B
$40
$200.00 MCONVERTIBLE
1/31/2021$10
LATE VC
1/31/2020$10
$50.00 MSERIES A
10/31/2017$10
$50.00 M