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Otter.ai raises $320M from General Catalyst's Customer Value Fund

Otter.ai announced Oct. 20 a $320 million raise from General Catalyst's Customer Value Fund, non-dilutive capital whose returns depend on the results of Otter's marketing spend. It goes to enterprise growth, international expansion and product. TechCrunch reports Otter passed $100M ARR last year and has 40 million cumulative users, up from 25 million.

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