San Francisco: Granola has raised $125M in Series C funding, pushing its valuation to $1.5 billion. The round was led by Danny Rimer at Index Ventures, with Mamoon Hamid at Kleiner Perkins also joining. Existing investors Lightspeed, Spark, and NFDG participated. Total funding now stands at $192 million.
The valuation jump is striking. Granola was worth $250 million less than a year ago. A six-fold increase in under twelve months signals serious enterprise momentum and investor confidence that AI meeting notes are just the beginning.
Granola’s core product sits quietly on a user’s computer, transcribing meetings and generating notes without a visible bot joining the call. That privacy-first approach drove its early adoption among power users and has since carried it into enterprise customers including Vanta, Gusto, Asana, Cursor, Lovable, and Mistral AI.
With this round, Granola is launching Spaces team workspaces with granular access controls and the ability to query notes across folders. It is also introducing two new APIs: a personal API for individual users to access and share notes, and an enterprise API giving admins control over team-wide context.
The API launch is a deliberate move. AI meeting transcription is becoming a commodity, with dozens of players now offering similar features. Granola is betting its edge lies not in the notes themselves but in making those notes queryable, shareable, and integrated into broader AI workflows.
The $125M will fund enterprise sales expansion and continued platform development.
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