Note-taking app Granola has raised $43m and hit a valuation of $250m, as a wave of startups and Big Tech companies flood the market with AI enterprise tools.
Founded in 2023, Granola is building a platform which combines typed notes with AI transcriptions from meetings. It previously picked up $24m from backers including Firstminute Capital.
The London-based startup’s Series B was led by Nat Friedman and Daniel Gross from NFDG, with participation from existing investors Lightspeed Venture Partners and Spark Capital.
Alongside the fundraise, Granola launched a number of team collaboration tools, including a ChatGPT-like question and answer function and Slack integration, as it looks to stand out in an increasingly crowded AI note-taking and workplace tools space.
Tech giants like OpenAI and Anthropic both launched AI-powered workspace collaboration tools in 2024. US workplace app Notion, which hit a $10bn valuation in 2021, also launched its own AI meeting note-taking tool on Tuesday this week.
In Europe, Sweden’s Sana AI raised $55m at a valuation of $500m late last year — and was one of the AI apps released to Sweden’s civic institutions as part of the country’s “AI reform” initiative last week.
“Tools for work of the future are all being invented now,” says Granola cofounder and CEO Chris Pedregal, who was previously a product manager at Google.
“A couple of years from now, most people will go to their computer and open an app which has all the context of their work in one place. That’s the prize we’re chasing after.”
Granola launched its first product in May 2024 and says it’s grown 10% in terms of active users week-over-week since then. Pedregal declined to share customers numbers and annual recurring revenue figures.
The startup aims to grow its team of 19 to around 80 in the next 12 months, Pedregal said.
Read the orginal article: https://sifted.eu/articles/note-taking-app-granola-raise/
