Granola raises $125M, hits $1.5B valuation as it expands from meeting notetaker to enterprise AI app | TechCrunch

Users might not like bots in meetings visibly taking notes, but a lot of them don’t mind if an app on someone’s computer is doing the transcription. That’s the core reason behind Granola’s popularity, which helped it secure $125 million in Series C funding led by Danny Rimer at Index Ventures, with participation from Mamoon Hamid at Kleiner Perkins. This has tipped the company’s valuation to $1.5 billion, it said, up from $250 million as of the last round. The company said that existing investors like Lightspeed, Spark, and NFDG participated in the round as well. With this round, which comes less than a year after its $43 million round, the startup has raised $192 million. From being a prosumer app that sits on your computer, transcribes meetings, and generates notes, Granola has been building features to suit an enterprise stack. For instance, last year, it started allowing teammates to collaborate on notes. It has now made inroads into enterprises such as Vanta, Gusto, Thumbtack, Asana, Cursor, Lovable, Decagon, and Mistral AI, it says. With the fundraising announcement, Granola is also adding a feature called Spaces, which are essentially workspaces for a team. You can also create Folders within this workspace. Spaces have granular controls around who can access what part. Users can query notes from Spaces and folders separately. Image Credits:Granola The company understands that AI meeting notes are becoming a commodity at this point, with many players offering this fe...