Granola raises $125M, values ​​$1.5B as it expands from meeting notes to enterprise AI app

Users may not like bots conspicuously taking notes in meetings, but many of them wouldn’t mind if there was an app on someone’s computer doing the transcription. This is the main reason behind Granola’s popularity, which helped it secure $125 million in Series C funding led by Danny Rimmer at Index Ventures, with participation from Mamoon Hameed at Kleiner Perkins. This brought the company’s value to $1.5 billion, up from $250 million in the last round, it said.

Existing investors such as Lightspeed, Spark and NFDG also participated in the round, the company said. With this round, which comes less than a year after its $43 million round, the startup has raised $192 million.

From being a consumer app that sits on your computer, transcribes meetings and creates notes, Granola has built features to suit the enterprise suite. For example, last year, she started letting her colleagues collaborate on writing notes. It has now achieved successes in organizations such as Vanta, Gusto, Thumbtack, Asana, Cursor, Lovable, Decagon, and Mistral AI.

With the fundraising announcement, Granola is also adding a feature called Spaces, which are essentially team workspaces. You can also create folders within this workspace. Spaces have fine-grained controls on who can access which part. Users can query notes from Spaces and Folders separately.

The company realizes that AI meeting notes have become a commodity at this point, with many players offering this feature. That’s why, after introducing the Model Context Protocol (MCP) server in February, the company is introducing two new APIs to integrate feedback context into AI workflows.

Granola now has a personal API that lets people access their notes and feedback that’s been shared with them, and an enterprise API to let admins work with team context. The Personal API is available to users on Business and Enterprise plans and the Enterprise API is only available to Enterprise users.

The API launch comes after a group of users, including partner a16z, were upset with Granola for shutting down its local database and disabling the AI ​​agent workflow on the device they had set up. Granola co-founder Chris Pedregal explained that the company didn’t want to secure data, but its local cache wasn’t designed to handle AI workflows, and the startup decided to change how it stored data. This step disrupted the agent’s workflow. Pedregal promised at the time that Granola would release APIs for users to access data in large quantities. He also said that the company will figure out a way to work with local AI agents.

The company said it is also updating its MCP server to allow users to see notes in folders and notes shared with them. She noted that her app already connects to tools including Claude, ChatGPT, Lovable, Figma Make, Replit, Manus, v0, Bolt.new, Duckbill, and Dreamer, and the startup is working to attract more partners.

As meeting note taking becomes a popular feature, the value for startups in this category is enabling users and businesses to take action based on notes and transcripts. This can range from crafting follow-up emails, finding time for the next set of meetings, or extracting knowledge from your company’s database and CRM to get closer to closing a lead. Some companies, such as Read AI, Fireflies, and Quill, have already started working in this direction.