Otter.ai

Otter.ai

Real-time AI transcription and meeting automation

About

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, enhancing productivity in remote work settings. The company's goal is to streamline the documentation of meetings and lectures, making information more accessible and actionable.

Company Stage

Series B

Employees

201-500

Industries

Consumer Software, AI & Machine Learning, Education

Total Funding

$71M

Headquarters

Los Altos, California

Founded

2016


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Simplify's Take

What believers are saying

  • AI-powered meeting summarization tools are gaining traction, boosting Otter.ai's market potential.
  • Small businesses investing in AI highlight a market for Otter.ai's subscription services.
  • The AI in education market is projected to grow, offering expansion opportunities for Otter.ai.

What critics are saying

  • Increased competition from AI collaboration tools like Snap could threaten Otter.ai's market share.
  • Specialized competitors like Jivi AI in niche markets may emerge in Otter.ai's core areas.
  • Localized AI solutions like Sahabat-AI could challenge Otter.ai's global expansion efforts.

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 captures slides, extracts action items, and generates AI-driven meeting summaries.

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Growth & Insights
Headcount

6 month growth

33%

1 year growth

50%

2 year growth

90%

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

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