AI conference tool Otter.ai received a $320 million investment from General Catalyst

According to TechCrunch, the AI meeting tool Otter.ai has secured $320 million in funding from Customer Value Fund (CVF) under General Catalyst. This funding will not dilute the company's equity, and CVF will earn returns through the performance generated by Otter.ai's marketing investments.

Otter.ai plans to use the funds for business growth, market expansion, international expansion, and product innovation.