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Otter.ai secured $320 million in non-equity financing from General Catalyst on October 20, 2026. The startup plans to challenge Microsoft, Google, and Zoom in the enterprise AI market. Otter.ai CEO Sam Liang stated the capital will fuel enterprise agentic workflows and international expansion. The company reported over 40 million users and surpassed $100 million in annual recurring revenue in 2025.
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