Granola raises $125M & reaches $1.5B valuation as it expands into enterprise AI workflows

Users may not prefer visible bots in meetings. However, many are comfortable with background transcription tools. This behavior has supported Granola’s growth.

The company has raised $125 million in a Series C round. Index Ventures led the round, with participation from Kleiner Perkins. As a result, Granola’s valuation has increased to $1.5 billion. Previously, it was valued at $250 million in its last round.

Existing investors, including Lightspeed, Spark, and NFDG, also joined the round. Notably, this funding comes less than a year after its $43 million raise. In total, the company has now secured $192 million.

From individual tool to enterprise-focused platform

Granola initially started as a prosumer tool. It allowed users to transcribe meetings and generate notes locally on their devices. Over time, the company has expanded its product for enterprise use.

For instance, it introduced collaborative note-taking features last year. Teams can now work together on shared notes. The company also reports adoption across organizations such as Vanta, Gusto, Thumbtack, Asana, Cursor, Lovable, Decagon, and Mistral AI.

Introduction of Spaces to structure team workflows

Alongside the funding, Granola has launched a feature called “Spaces.” These act as shared workspaces for teams.

Within Spaces, users can create folders to organise information. Access controls allow teams to manage permissions at a detailed level. In addition, users can query notes separately across Spaces and folders. This helps teams retrieve information more efficiently.

APIs introduced to move beyond note-taking

AI-based meeting notes are becoming widely available. As a result, differentiation in this category is decreasing. Granola is now focusing on integrating notes into broader workflows.

Earlier this year, the company introduced a Model Context Protocol (MCP) server. Building on that, it has now launched two APIs.

The personal API allows users to access their own notes and shared data. It is available for business and enterprise plans. Meanwhile, the enterprise API enables administrators to manage team-level data. This feature is limited to enterprise users.

API rollout follows user concerns over data access

The API launch follows feedback from users. Some users had raised concerns after Granola restricted access to its local database. This change affected on-device AI agent workflows.

Co-founder Chris Pedregal stated that the company did not intend to limit access. Instead, the local cache system was not designed for AI workflows. Therefore, the company modified how data is stored. This update led to disruptions in existing setups.

At that time, Pedregal said Granola would introduce APIs for bulk data access. He also noted that the company is exploring ways to support local AI agents going forward.

Expanding integrations with AI tools

Granola is also updating its MCP server. Users can now access notes stored in folders and shared with them.

Currently, the platform integrates with tools such as Claude, ChatGPT, Figma Make, Replit, and others. The company is working to add more integrations over time.

Market moves toward action-oriented meeting tools

Meeting transcription is no longer a standalone feature. Instead, companies are focusing on enabling actions from meeting data.

These actions include drafting follow-up emails, scheduling meetings, and extracting insights from internal systems such as CRMs. This approach helps teams move closer to decision-making.

Several companies, including Read AI, Fireflies, and Quill, are also working in this direction. As competition increases, the focus is shifting from capturing notes to enabling outcomes.