We're excited to announce $10 million in Series A funding led by Ridge Ventures, with Industry Ventures, Y Combinator, IrregEx, Bungalow Capital, Hack VC, and other existing investors participating in the round. Joining our Board from Ridge is Akriti Dokania. Check out TechCrunch, Forbes, VentureBeat for some more coverage of the raise.
The world has dramatically changed in the last four years.
Remote work has increased the number of video conferences in the world by orders of magnitude. Simultaneously, LLMs have made it easy to extract structured data from conversations, like key objections from a sales call, patient symptoms from a telehealth session, or completed tasks from a daily standup.
Today, millions of hours of meetings happen every day over video conferencing platforms and hundreds of AI companies try to make sense of them using AI-powered meeting bots. The problem is that these bots take teams of specialist engineers months to build.
Instead, Recall.ai lets a single engineer get up and running in a few days, even if they don’t have expertise in real-time video processing or running large-scale infrastructure.
This means more time to focus on building your core product while Recall.ai handles the toil of running, monitoring, and scaling complex real-time video infrastructure. Our universal API also lets you connect to virtually any meeting platform, including Zoom, Google Meet, Microsoft Teams, Webex, GoToMeeting, and more.
Over the last 12 months, we've seen our customer base and revenue grow over 10x, and today we ingest millions of hours of video meeting data for our customers, who span industries such as sales, customer success, legal, healthcare, product management, engineering productivity, and user research.
As we build towards the next stage of the company, I'd like to thank the awesome people we work with, who have made this possible.
To our team: You are a world-class group of individuals I'm grateful to have the opportunity to work with. Thank you for bringing an immense amount of hard work, determination, and creativity to every challenge we face.
To our customers: Thank you for trusting us to power a core part of your product. We've loved collaborating with you to bring new products to life, and we're looking forward to the years of partnership ahead.
To our investors: Thank you for believing in our vision, and we appreciate all the support, guidance, and advice you've provided us with throughout our journey together.
We're honored to be able to support over 300 of the world's most innovative companies building products at the frontier of AI, and we're excited to build a world where every developer can easily tap into conversation data -- the world's largest dataset.
If you're interested in using Recall.ai, please sign up, or read the API docs.
If you're interested in joining the team, please reach out on our careers page or email me directly at david@recall.ai.
