London-based Granola has raised $125 million in Series C funding at a $1.5 billion valuation. In addition to being the round in which the startup finally reached unicorn status, being valued at over a billion dollars, this Series C came to a completion less than a year after Granola's Series B, in which the company raised $43 million. The round was led by Danny Rimer at Index Ventures, with participation from Mamoon Hamid at Kleiner Perkins and existing investors from its Series B, including Lightspeed, Spark, and NFDG.

Founded in 2023, Granola differentiated itself by taking a strong stance against note-taking applications that provide AI bots to which the note-taking process (and meeting attendance) can be delegated: "if you think your judgment is valuable, you should not outsource that judgment to AI." Recently, the usage of AI note-taking bots has come under fire, as users report preventing bots from joining meetings, or attending meetings with more bots than people.

Despite its humble origins as an app meant to enhance existing notes with insights drawn from meeting and conversation transcripts, the company has now evolved beyond prosumer note-taking into an enterprise context platform, serving companies like Vanta, Gusto, Asana, Cursor, and Mistral AI. In its last update, Granola announced the introduction of folders as a note-sharing and organization mechanism as well as Slack integration. This time, alongside the funding announcement, Granola launched three major features: Spaces for team organization with granular access controls, personal and enterprise APIs, and an updated MCP that enables users to connect Granola to their preferred AI services. This includes those for which Granola is already an official connector, such as Claude, ChatGPT, Replit, and Figma Make.

"Conversation transcripts are the richest source of context for what's happening across your company," said co-founder and CEO Chris Pedregal. "When paired with powerful AI models, they can unlock workflows that wouldn't have been possible before."