Recall.ai Secures $10M Series A to Enhance Virtual Meeting Data Utilization

Training Data

Recall.ai, a Y Combinator-backed company, has raised $10 million in Series A funding to help companies utilize data from virtual meetings. Jaeden Schafer highlights the untapped potential of this data, which includes video, audio, text content, and screen shares from company meetings. He suggests that this data could serve as a valuable training set for AI models, making it less controversial since it involves internal company data.

There's like so much that goes into these meetings, and yet every Zoom call, every company stand-up, it's like done and disappears. And it's never used for anything. So this is an amazing training set for AI, in my opinion.

Recall.ai provides developer infrastructure for virtual meeting platforms, offering a unified API that grants access to raw data from platforms like Google Meet, Microsoft Teams, and Zoom. This enables the creation of AI-powered apps such as note-takers and sales coaching bots 1 2.

   

AI Innovations

The innovative applications built by Recall.ai are transforming how companies use virtual meeting data. Jaeden Schafer explains that the new funding will be used to expand the team and develop more data source integrations. The company, founded by David Gu and Amanda Zhu, aims to help enterprises quickly deploy AI features without building their own infrastructure.

Enterprises are increasingly looking for ways to incorporate AI into their products and offerings, and conversations are a massive data set where applying AI makes a ton of sense.

Recall.ai's services are likened to cloud computing platforms like AWS, and they comply with various regulations, including SoC 2 and GDPR. With over 300 enterprise customers and several million dollars in annual revenue, the company is poised for significant growth 2.