Granola raises $125M, hits $1.5B valuation as it expands from meeting notetaker to enterprise AI app

Users mightiness not similar bots in meetings visibly taking notes, but a batch of them don’t caput if an app connected someone’s machine is doing the transcription. That’s the halfway crushed down Granola’s popularity, which helped it unafraid $125 cardinal successful Series C backing led by Danny Rimer astatine Index Ventures, with information from Mamoon Hamid astatine Kleiner Perkins. This has tipped the company’s valuation to $1.5 billion, it said, up from $250 cardinal arsenic of the past round.

The institution said that existing investors similar Lightspeed, Spark and NFDG participated successful the circular arsenic well. With this round, which comes little than a twelvemonth aft its $43 cardinal round, the startup has raised $192 million.

From being a prosumer app that sits connected your computer, transcribes meetings, and generates notes, Granola has been gathering features to suit an endeavor stack. For instance, past year, it started allowing teammates to collaborate connected notes. It’s present made inroads into enterprises specified arsenic Vanta, Gusto, Thumbtack, Asana, Cursor, Lovable, Decagon, and Mistral AI, it says.

With the fundraising announcement, Granola is besides adding a diagnostic called Spaces, which are fundamentally workspaces for a team. You tin besides make Folders wrong this workspace. Spaces person granular controls astir who tin entree what part. Users tin query notes from Spaces and folders separately.

Image Credits: Granola

The institution understands that AI gathering notes are becoming a commodity astatine this point, with many players offering this feature. That is why, aft introducing a Model Context Protocol (MCP) server successful February, the institution is introducing 2 caller APIs for integrating the discourse of notes into AI workflows.

Granola present has a idiosyncratic API that lets radical entree their notes and notes shared with them, and an endeavor API to fto admins enactment with squad context. Personal API is disposable to users connected concern and endeavor plans and the endeavor API is disposable lone to endeavor users.

The API motorboat comes aft a clump of users, including an a16z partner, were mad astatine Granola for locking down its section database and breaking on-device AI cause workflows they had acceptable up. Granola co-founder, Chris Pedregal, clarified that the institution didn’t privation to fastener down data, but its section cache was not designed to grip AI workflows, and the startup decided to alteration however it stored the data. That determination broke the cause workflows. Pedregal promised astatine that clip that Granola would motorboat APIs for users to entree information successful bulk. He besides said that the institution volition fig retired a mode to enactment with section AI agents.

The institution said that it is besides updating its MCP server to fto users spot notes successful folders and notes shared with them. It noted that its app already connects with tools including Claude, ChatGPT, Lovable, Figma Make, Replit, Manus, v0, Bolt.new, Duckbill, and Dreamer, and the startup is moving connected bringing much partners connected board.

As gathering note-taking becomes a commonplace feature, the worth for startups successful this class is to alteration users and companies to instrumentality actions based connected the notes and transcripts. This could scope from drafting follow-up emails, oregon uncovering clip for the adjacent acceptable of meetings, oregon drafting cognition from the institution database and CRMs to get person to finalizing a lead. Some companies, specified arsenic Read AI, Fireflies, and Quill, person already started moving successful this direction.