Takeaways by Saasverse AI
- Recall.ai | Series B | $38 Million | Voice Data Infrastructure
- Led by Bessemer Venture Partners, with participation from Salesforce Ventures, HubSpot Ventures, RTP Global, Ridge Ventures, and Y Combinator.
- Achieved a $250M valuation, targeting product R&D, market expansion, and team growth to redefine enterprise voice data utilization.
Recall.ai, legally registered as Hyperdoc California Inc., has raised $38 million in a Series B funding round led by Bessemer Venture Partners. Other notable investors, including Salesforce Ventures, HubSpot Ventures, RTP Global, Ridge Ventures, and Y Combinator, also participated in this round. With this latest funding, Recall.ai's valuation now stands at $250 million, and its total funding to date has reached $51 million.
The company specializes in building foundational infrastructure for meeting recordings, enabling enterprises to capture and harness voice data effectively. Recall.ai has already established itself as a critical partner for over 2,000 businesses, including industry leaders like HubSpot, DataDog, and Calendly. Its innovative Desktop Recording SDK is a game-changer, allowing users to capture meetings directly from their devices without deploying bots, supporting platforms such as Zoom, Google Meet, and Microsoft Teams.
David Gu, the 25-year-old co-founder and CEO of Recall.ai, emphasized the immense untapped potential of voice data. According to the company’s estimates, global work-related conversations generate over 400 billion hours annually, with most of this data remaining underutilized. By leveraging highly efficient audio-video processing technology, Recall.ai ensures that its API services can be deployed in days, outperforming traditional development timelines by 2-3x. This has fueled the company’s rapid growth, with over 1,500 customers and millions of meeting data processes monthly, driving annual revenue to exceed $10 million—a threefold increase over the past year.
With the new funds, Recall.ai plans to channel its efforts into three strategic areas. First, it will accelerate product development by creating a mobile SDK to capture in-person and telephonic conversations while enhancing its data storage and analytics API. Second, the company aims to expand its market presence by launching self-serve workflows and achieving advanced security and compliance certifications. Lastly, it will scale its operations by growing its San Francisco office and hiring across sales, marketing, and engineering roles.
“ This funding round underscores the growing demand for infrastructure solutions that enable businesses to extract actionable insights from voice and meeting data. As enterprises increasingly prioritize operational efficiency and customer engagement, Recall.ai’s ability to streamline data capture across multiple platforms gives it a competitive edge. The introduction of its Desktop Recording SDK positions the company as a leader in frictionless meeting data solutions, while its ambitious product roadmap signals potential market disruption in the broader voice analytics space. ” Saasverse Analyst comments
Saasverse Insights
From a market perspective, Recall.ai is tapping into an emerging trend where voice data is no longer seen as ephemeral but as a valuable asset for business intelligence. As the company scales, its impact on sectors such as sales intelligence, customer support, and employee productivity could set new benchmarks for how voice-driven insights are utilized in the AI, SaaS, and Cloud ecosystems.