The round was led by Spectrum Equity, with continued participation from Horizons Ventures, Draper Associates, GGV Capital, Draper Dragon Fund, and others to capture unprecedented demand for its online meeting productivity tools. John Connolly, Managing Director of Spectrum Equity, will join Otter.ai's Board of Directors. Otter.ai's AI-powered collaborative note-taking and productivity app work seamlessly with video conferencing platforms like Zoom and Google Meet and with phone calls and other voice communications. The round includes a $10 million convertible note.

Otter.ai creates a new collaborative note-taking app offering to improve team communication, engagement, and productivity. The Otter Voice Meeting Notes app uses proprietary artificial intelligence to generate secure, shareable, searchable, rich notes in real-time that combine audio, transcription, speaker identification, inline photos, and key phrases. Otter.ai is backed by the first investors at Google, Tesla, DeepMind, and Facebook.