Otter.ai lands $320M for AI-powered meeting tool

otter.ai has raised $320 million from general catalyst's customer value fund to drive enterprise growth, international expansion, and product innovation. the company has 40 million users, up from 25 million last year, and has surpassed $100 million in annual recurring revenue. otter.ai's tool captures voice data and turns it into actionable business insights, enabling teams to move faster and make sharper decisions. the company faces competition from well-funded meeting note-taking products like fireflies.ai and read ai.