Granola Raises $125M Series C at $1.5B Valuation, 250% Revenue Growth

Granola Raises $125M Series C at $1.5B Valuation, 250% Revenue Growth

Granola, the local-capture meeting intelligence tool, raised $125M in a Series C led by Index Ventures and Kleiner Perkins, at a $1.5B valuation—6× its year-ago Series B. The quarter before the raise saw 250% revenue growth. Enterprise clients include Cursor, Lovable, Mistral, Vanta, Asana, and Gusto. Granola's no-third-party-bot architecture (captures locally, never joins calls visibly) is credited with winning the category over bot-based competitors.

Why It Matters

Granola's Series C confirms that "meeting context layer for AI workflows" is a distinct buying category with enterprise pricing power. Local-capture beat bot-capture commercially, not just on privacy optics—a pattern relevant to any AI tool requiring access to sensitive organizational conversations.