Otter.ai raises $320 million from General Catalyst

Otter.ai announced on Tuesday it raised $320 million from General Catalyst's Customer Value Fund. The startup, founded nearly a decade ago, previously raised $50 million total with its last round in 2021. It now approaches new revenue milestones after crossing $100 million in annual recurring revenue last year. User counts grew to 40 million from 25 million last year.