<p>Otter.ai, the developer of an AI-powered meeting note-taking tool, announced on Tuesday that it has raised $320 million in new capital. The investment comes from the Customer Value Fund (CVF) managed by General Catalyst.</p><p>Unlike traditional equity rounds, the Customer Value Fund provides capital to companies without requiring equity dilution. Instead, the fund generates returns based on the results of the startup's marketing expenditures.</p><p>The company plans to deploy the $320 million to support several strategic initiatives. These include driving enterprise growth, refining its go-to-market strategy, expanding internationally, and continuing its internal product innovation efforts.</p>
Source: TechCrunch
Original article: https://techcrunch.com/2026/10/20/otter-ai-raises-320-million-from-general-catalysts-growth-fund-for-its-meeting-tool/
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