Generative AI Meeting Bot Platform Recall.ai Raises $10M

on May 16, 2024 at 9:00 am

Generative AI assembly assistant startup Recall.ai has raised $10 million in a Series A funding spherical led by Ridge Ventures. Recall.ai presents corporations a common API for creating generative AI bots that may monitor and provide help to customers on a spread of assembly platforms.
Recall Meetings AI
Recall.ai pitches its platform as a strategy to shortcut the event and deployment of generative AI bots for conferences. The firm simplifies the mixing course of for non-technical staff to deploy assembly bots inside days to handle the complicated, real-time video infrastructure. The AI can pull up data from Zoom, Microsoft Teams, Slack Huddles, and Google Meet, amongst others. The information can then be used to customise bots not just for trasncribing or summarizing conferences, however different apps to assist handle each day worker actions or coach them on gross sales.
“Conversations are the world’s largest dataset,” Recall.ai co-founder David Gu defined. “Large language fashions proceed to unlock conversations in thrilling methods, and the demand for builders to seize this information has by no means been increased. Every SaaS firm on the earth needs to be utilizing conversations as a knowledge supply. Recall’s unified API makes it as straightforward as attainable.”
Gu and co-founder Amanda Zhu launched Recall.ai out of the Y Combinator startup accelerator. The new funding spherical brings Recall.ai’s whole funding to greater than $12 million after a $2.7 million seed spherical on the finish of 2022. Recall.ai claims greater than 300 corporations as shoppers and to have processed many tens of millions of hours of video assembly information. The startup additionally simply inked a take care of Zoom to launch an official Meeting Bot Starter Kit, which gives customers with transcripts and summaries of conferences in near-real time.
There’s an unlimited demand for generative AI instruments that may combine with assembly companies. Read AI not too long ago raised $21 million, whereas Otter has quickly adopted generative AI, together with creating the Meeting GenAI service, which might entry an organization’s complete assembly historical past to reply questions, generate content material, and determine key data via a brand new generative AI chatbot. Similarly, although now partnering with Recall.ai, Slack has its personal set of generative AI instruments for summarizing lengthy threads, recapping occasions in a channel, and pulling key moments out for customers to see. The AI also can carry out personalised searches and even reply questions utilizing the knowledge in a Slack hub
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Eric Hal Schwartz is Head Writer and Podcast Producer for Voicebot.AI. Eric has been an expert author and editor for greater than a dozen years, specializing within the tales of how science and expertise intersect with enterprise and society. Eric is predicated in New York City.

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