Fireflies AI

Hyderabad based AI Assistance startup, Fireflies.ai, has raised INR 100 crore ($14M) in a Series-A round led by Khosla Ventures. Seed investors Canaan partners had also participated in the funding round.

The startup will use the funds to grow its Fifty-person team across five different countries and 120 cities. It is also hiring engineering and marketing experts and also making engineering investment in different technologies and scaling its core engineering efforts to support the customer demand. It has raised INR 35 crore in the seed round at the end of 2019.

Khosla Ventures partner, Sandhya Venkatachalam will join the Canaan partner Rayfe Gaspar-Asaoka on the board of the startup. Angel investors those are the current and previous executives of Slack, Salesforce, Dropbox, Hopin and Facebook had also supported the startup.

Founded by Krish Ramineni and Sam Udotong in 2016, Fireflies.ai is the Voice intelligence and AI assistant provider with headquarters in Hyderabad and San Francisco. Hyderabad based Fireflies has its office in Bengaluru, Chennai and Delhi. From capturing conversations, transcribing meetings to make it easily searchable fireflies.ai had created an automated knowledge base for companies. It can auto-log calls and notes in CRMs, create tasks in Asana, or save meetings to Dropbox.

Investor Sandhya Venkatachalam, said, “Fireflies is extracting insights from one of the largest source of knowledge in the company that is voice conversation. The Fireflies platform creates a layer of intelligent piping across communication system that connects the right information to the right people at the right time.

Krish Ramineni, CEO and Co-Founder of Fireflies, said, “When we designed the fireflies we want to work with the ecosystem of the tools that we use in our daily life. Fireflies connect to your calendar and can even capture meeting that is scheduled on a particular date. He further added Deep work is all about streamlining repetitive tasks so that people don’t lose their important content emails, calendars, meetings and other apps.

The pandemic had shown a great fall in every sector but this COVID19 proves somewhere beneficial showing the accelerating rise of remote and asynchronous work. People nowadays spend a large part of the day on the video-conferencing with either teams or the school teachers. With the voice-assistant Fireflies has been in the meetings, taking notes for over 2 million people across 200000 organizations which is equivalent to meeting holds in the several centuries.

Fireflies have partnered with the major video conferencing platforms such as zoom, Google Meeting, MSFT Teams, WebEx, GoToMeeting and Skype. Even they had expanded several supporting dialers and telephony systems like Aircall and Ringcentral.

Online Team AsiaTech
Online Team Asia Tech is a team of Journalists, Entrepreneurs, and Enthusiast Writers who contribute to the platform by bringing everyday stories, updates, opinions and insights from the Asian Startup Ecosystem.

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