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About Otter.ai
Industries
Consumer Software
AI & Machine Learning
Education
Company Size
201-500
Company Stage
N/A
Total Funding
$73M
Headquarters
Los Altos, California
Founded
2016
Overview
Otter.ai offers real-time transcription services powered by artificial intelligence, primarily through its AI Meeting Assistant, Otter. This tool transcribes audio, identifies speakers, and generates meeting summaries, making it useful for professionals like journalists and corporate teams. It integrates with popular virtual meeting platforms such as Zoom and Microsoft Teams, which enhances its utility in remote work settings. The company's goal is to improve how meetings and lectures are documented, making information more accessible and actionable.
Simplify's Take
What believers are saying
- Otter.ai surpassed $100 million ARR, indicating strong market demand.
- Integration with CRM systems could enhance sales and customer service processes.
- Expansion into multilingual transcription opens new markets for global enterprises.
What critics are saying
- Increased competition from Zoom and Microsoft could erode Otter.ai's market share.
- Rapid AI development may lead to technological obsolescence for Otter.ai.
- Privacy concerns and regulatory scrutiny pose legal challenges for AI transcription services.
What makes Otter.ai unique
- 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 follow-up tasks.
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Funding
Total Funding
$73M
Above
Industry Average
Funded Over
5 Rounds
Industry standards
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
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↓ -1%2 year growth
↓ -3%Otter.ai, a leader in AI-driven meeting transcription and collaboration, has unveiled a transformative suite of three AI agents designed to redefine the business meeting experience.
Alongside the Meeting Agent, Otter is launching the Sales Agent, designed to assist sales representatives during calls.
Otter.ai surpasses $100 million ARR barrier and launches AI Meeting Agent suite.
Otter, known for its automated transcription services, has taken a significant leap forward with the launch of its new AI agents designed to enhance productivity in business meetings.
Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More. Online meetings used to be much the same as their physical world counterparts. With the introduction of generative AI online meeting platforms began to add new insights including voice transcriptions services. Platform vendors including Microsoft Teams, Google Meet and Cisco WebEx have steadily integrated capabilities that go beyond what in-person physical meetings can provide.Now in the emerging era of agentic AI, online meetings are poised to diverge even further with a new wave of innovations. Zoom recently announced its agentic AI efforts which aims to create the paradigm shift from meetings to milestones. Microsoft has added copilot actions which can integrate with its Microsoft Teams service helping users inside of meetings to get insight and connect with other Microsoft services
Otter.ai is Hiring for 26 Jobs on Simplify!
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About Otter.ai
Industries
Consumer Software
AI & Machine Learning
Education
Company Size
201-500
Company Stage
N/A
Total Funding
$73M
Headquarters
Los Altos, California
Founded
2016
Otter.ai is Hiring for 26 Jobs on Simplify!
Find jobs on Simplify and start your career today