Fireflies raises Rs 100Cr in Series A led by Khosla Ventures

Voice intelligence and AI assistant provider Fireflies has raised Rs 100 crore ($14 million) in Series A funding led by Khosla Ventures and its seed investor Canaan Partners. This round follows the Rs 35 crore seed round at the end of 2019, bringing the startups' total funding to about Rs 135 crore.

The startup will use the fresh funds to expand its 50-person team, distributed across five countries and 12 cities. It is actively hiring across engineering, customer care, and marketing teams. The startup is also making major investments in technologies like GPT-3 and scaling core engineering efforts to support customer demand.

Sandhya Venkatachalam, Partner at Khosla Ventures, joins Rayfe Gaspar-Asaoka, Partner at Cannan, on the Board of Directors. Angel investors - who are current or previous executives at Slack, Salesforce, Dropbox, Hopin, and Facebook - also supported the startup.

“Fireflies is extracting insights from one of the largest existing sources of knowledge in a company, which is voice conversations. The Fireflies platform creates a layer of intelligent piping across communication systems that connects the right information to the right people at the right time,” says investor Sandhya Venkatachalam.

From capturing conversations, transcribing meetings to making them easily searchable - Fireflies creates an automated knowledge base for companies. Fireflies can auto-log calls and notes in CRMs, create tasks in Asana, or save meeting recaps to Dropbox. With its Voice Assistant - rolled out in January 2020 - Fireflies has been in meetings, taking notes for over two million people across 200,000 organizations - equivalent to several centuries of meetings compressed in a short period of time.