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1. Oct 20
   Otter.ai raises $320M from General Catalyst's Customer Value Fund

   Otter.ai announced Tuesday that it raised $320 million from General Catalyst's Customer Value Fund, a vehicle that does not take equity and instead receives a share of the revenue it helps portfolio companies generate. The company said the money will go toward enterprise growth, go-to-market strategy, international expansion and product innovation, including enterprise agentic workflows. Otter says 40 million users have used its product to date, up from 25 million last year, and that teams at more than 86% of the Fortune 500 use it; it did not disclose monthly active users or churn, and its figures on meetings transcribed and $1.5 billion in customer ROI are self-reported. TechCrunch, citing PitchBook, said Otter had raised $50 million before this round and crossed $100 million in annual recurring revenue last year.

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