AI-powered voice transcription app Otter raises $10M, including from new strategic investor NTT DOCOMO

AI-powered voice transcription app Otter raises $10M, including from new strategic investor NTT DOCOMO

4 years ago
Anonymous $yQ5BfQaAxy

https://techcrunch.com/2020/01/27/a-i-powered-voice-transcription-app-otter-raises-10m-including-from-new-strategic-investor-ntt-docomo/

Otter.ai, an AI-powered transcription app and note-takers’ best friend, has received a strategic investment from Japan’s leading mobile operator and new Otter partner, NTT DOCOMO Inc. The two companies are teaming up to support Otter’s expansion into the Japanese market where DOCOMO will be integrating Otter with its own A.I.-based translation service subsidiary, Mirai Translation, in order to provide accurate English transcripts which are then translated into Japanese.

The investment was made by DOCOMO’s wholly-owned subsidiary, NTT DOCOMO Ventures, Inc., but the size was undisclosed. However, the new round was $10 million in total, we’re told. To date, Otter has raised $23 million in funding from NTT DOCOMO Ventures, Fusion Fund, GGV Capital, DFJ Dragon Fund, Duke University Innovation Fund, Harris Barton Asset Management, Slow Ventures, Horizons Ventures, and others.