![]() ![]() To date, this sort of backdoor entry point to the corporate market - through individual employees first, not the companies - has somewhat mirrored the trajectories of other popular business apps, the company believes. And we think that shift in behavior is going to be permanent,” he notes. “You see a lot of teams that are using Otter in the business and you see a lot of students and universities that are using Otter for accessibility. “I think with the pandemic, we’ve seen a huge shift in consumer behavior - especially in meeting behavior and education behavior, which are two key use cases for Otter,” says Otter.ai CMO Kurt Apen. It has now become the most popular platform for Otter.ai’s web conferencing users. With convenient timing, Otter.ai added Zoom integration back in April 2020 - the early days of the pandemic. But it’s the latter that really came into play over the course of 2020, when suddenly entire workforces were sent home from the office and forced into endless Zoom calls. Otter.ai’s service offers an easy way to record meetings, whether in-person through an app on your phone, or online through its integrations with popular web conferencing apps. The $50 million figure also includes a $10 million convertible note, announced last year. The new round was led by Spectrum Equity, with participation from existing investors Horizons Ventures, Draper Associates, GGV Capital, Draper Dragon Fund and others. Now, Otter.ai is announcing its next steps, fueled by a new $50 million Series B round of investment. With the COVID-19 pandemic having sent so many to work from home, those investments have paid off - the company has transcribed over 100 million meetings with more than 3 billion minutes, and has seen an 8x increase in revenues during 2020. Over the past year or so, voice transcription startup Otter.ai doubled down on the future of remote work by integrating its product with meeting apps like Zoom and Google Meet. ![]()
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