The funding round increases Granola's valuation from $250m last year to $1.5bn.
Granola, the AI note-taking app, has bagged a $125m funding round, elevating its valuation to $1.5bn, hitting unicorn status, it announced today.
The funding round was led by Index Ventures, with participation from Kleiner Perkins with existing investors Lightspeed, Spark and Nat Friedman and Daniel Gross also contributing to the Series C round.
The latest funding round increases Granola’s valuation from $250m in its $43m funding round announced in May last year.
Granola, which launched in 2023, has raised around $188m in total.
London-based Granola is a well known AI note-taking app used by companies such as Vanta and Gusto, as well as startups such as Cursor, Lovable, and Mistral AI. It is also very popular with VCs.
Chris Pedregal, co-founder and chief executive of Granola, said: “These companies are turning to Granola not only to capture their notes, but also to capture their context.
“Conversation transcripts are the richest source of context for what’s happening across your company, and when paired with powerful AI models, they can unlock workflows that wouldn’t have been possible before.”
The startup also announced some new features including a public and enterprise API. It said it will use the funding to scale its product amongst other things.
Image: Granola