TLDR: Recall.ai has successfully raised $38 million in Series B funding, achieving a $250 million valuation. The round was led by Bessemer Venture Partners, with significant participation from HubSpot Ventures and Salesforce Ventures. This capital will fuel the expansion of Recall.ai’s platform, enabling it to provide essential infrastructure for AI products that interpret human conversations across various modalities, including desktop, phone, and in-person interactions, beyond its initial focus on meeting bots.
SAN FRANCISCO – Recall.ai, a pioneering company dedicated to building the foundational API for conversation data, announced today the successful closure of its Series B funding round, securing $38 million at a valuation of $250 million. The investment was spearheaded by Bessemer Venture Partners, with additional contributions from HubSpot Ventures, Salesforce Ventures, Ridge Ventures, and Y Combinator, as well as RTP Global. The round also saw participation from notable angel investors, including Paul Graham (founder of Y Combinator), Solomon Hykes (founder of Docker), Michael Siebel (founder of Twitch.tv), and Eoghan McCabe (founder of Intercom).
Recall.ai’s core mission is to provide developers with the critical infrastructure needed to build AI products capable of understanding and leveraging human conversations. Initially known for its robust meeting bot capabilities, the company is now expanding its offerings to encompass a broader spectrum of conversation data capture, including desktop, phone, and in-person interactions. This expansion is highlighted by the recent launch of its Desktop Recording SDK, alongside new support for dialers and telephony systems.
According to David Gu, co-founder and CEO of Recall.ai, “Conversation data is the world’s largest untapped dataset.” The company’s unified API simplifies the complex and time-consuming process of integrating across various communication platforms such as Zoom, Google Meet, Microsoft Teams, and Slack Huddles. This abstraction allows a single engineer to deploy conversation AI features in days, significantly reducing the typical 6-12 months required for in-house development.
Talia Goldberg, a Partner at Bessemer Venture Partners, emphasized the company’s market position, stating, “Recall.ai is the clear category leader in conversation data infrastructure. Intelligent products need context to work well, and Recall.ai makes it simple for developers to capture and leverage the rich context hidden in conversations. Adoption across enterprises and industries such as sales, recruiting, and healthcare validate Recall.ai’s impact and potential.”
The platform is already trusted by over 2,000 companies, including industry leaders like HubSpot, ClickUp, and Apollo.io, to accelerate their time to market for conversation intelligence features by two to three times. Jared Williams, EVP Head of Engineering at HubSpot, commented, “Recall.ai allows us to build AI-powered meeting recording features without needing to worry about infrastructure or platform-specific edge cases. It has helped us move faster than we could have with an in-house build.”
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With the new funding, Recall.ai plans to further scale its infrastructure, expand platform coverage through new form factors, and develop richer playback and agentic AI features to support the evolving ecosystem of conversation-native software. The company currently processes millions of meetings monthly and handles over three terabytes of raw video every second, launching more than 8 million EC2 instances monthly to meet demand. Developers can access transcripts and metadata within 10 seconds of a meeting’s conclusion, enabling near real-time AI-driven applications.
