Granola Hits $1.5B Valuation With $125M Series C Funding

Granola has secured $125 million in a Series C funding round, catapulting the startup to a $1.5 billion valuation. The investment, led by Danny Rimer at Index Ventures with participation from Mamoon Hamid at Kleiner Perkins, marks a significant jump from the company’s previous $250 million valuation.

Existing investors, including Lightspeed, Spark, and NFDG, also contributed to the round. This latest injection of capital brings the company’s total funding to $192 million, following a $43 million round less than a year ago.

Expanding Beyond Meeting Transcription

Originally designed as a prosumer application for recording and transcribing meetings locally on user devices, Granola is aggressively shifting toward an enterprise-focused model. The startup has already secured adoption from companies such as Vanta, Gusto, Thumbtack, Asana, Cursor, Lovable, Decagon, and Mistral AI.

To support this transition, the company is launching “Spaces,” a new feature designed to facilitate team-based collaboration. Key functionalities of Spaces include:

• Dedicated workspaces for teams to organize meeting documentation.
• The ability to create nested folders within these workspaces.
• Granular access controls, allowing administrators to manage permissions for specific content.
• Advanced query capabilities that enable users to search notes across specific Spaces or folders.

API Integration and Data Access

Recognizing that basic meeting transcription has become a commodity, Granola is prioritizing the integration of note context into broader AI workflows. Following the introduction of a Model Context Protocol (MCP) server in February, the company is now releasing two new APIs:

• Personal API: Available for business and enterprise plans, allowing users to access their own notes and those shared with them.
• Enterprise API: Exclusive to enterprise users, designed for administrators to manage team-wide context.

This development follows technical friction earlier this year, when changes to Granola’s local database disrupted on-device AI workflows for some power users, including partners at a16z. Co-founder Chris Pedregal explained that the data storage shift was necessary to support AI-driven functionality, and committed to providing bulk data access via APIs.

Granola is also updating its MCP server to improve visibility into shared notes and folders. The platform currently maintains integrations with tools such as Claude, ChatGPT, Lovable, Figma Make, Replit, Manus, v0, Bolt.new, Duckbill, and Dreamer. As the market for AI meeting assistants matures, competitors like Read AI, Fireflies, and Quill are similarly pivoting toward actionable intelligence, such as drafting follow-up emails and connecting with CRM databases.