Granola Hits Unicorn Status With $125M in Funding

In Brief

• Granola secures $125M at $1.5B valuation, led by Index Ventures.
• Launches Spaces, APIs and enhanced enterprise controls for conversation data.
• Positions meeting transcripts as a foundational data layer for enterprise AI tools.

Granola went from a $250 million valuation to a $1.5 billion valuation in under a year. Today the AI note taking tool announced a $125 million Series C led by Danny Rimer at Index Ventures, with participation from Mamoon Hamid at Kleiner Perkins. Existing investors Lightspeed, Spark and NFDG also participated.

The raise comes alongside an expansion of ambition. Granola launched in 2024 as a tool for automatically capturing meeting notes. It now wants to be the central repository of conversational context for organizations.

Granola's growth has happened largely through word of mouth, particularly among founders and investors in the tech industry. The product's core appeal is straightforward: unlike competing tools that send a visible bot into your meeting, Granola runs on your computer and transcribes audio directly. After the call, the AI combines any notes the user took with the transcript to produce clean, structured notes in seconds. The company has reported 10% weekly user growth since launch.

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

Table of Contents

• Building the Context Layer
• The Road to Unicorn Status  

Building the Context Layer

Alongside the funding, Granola launched three new features.

• Spaces gives teams a way to organize, query and share notes with access controls. Instead of searching one meeting at a time, you can query an entire folder: why are we losing this deal, what are customers consistently asking for. The idea is that conversations are a richer source of answers than documents or wikis.

• APIs and an updated MCP let other tools access Granola's data directly. A personal API gives individuals programmatic access to their notes; an enterprise API gives admins access to team-wide context. The practical upshot is that tools like Claude or Figma Make can now pull from Granola in the background, without the user having to do anything.  

• Enterprise controls such as SSO, SCIM, usage analytics and transcript deletion are the table stakes requirements that get Granola onto the approved software list at larger companies.

The Road to Unicorn Status  

Founded in London in 2023 by Pedregal and Sam Stephenson, Granola targets knowledge-worker teams in startups and mid-market technology companies. Throughout 2025 the company laid groundwork for its enterprise push, launching an iOS app in April, a Windows release in June and raising $43 million in a Series B in May. In February 2026 it introduced its Model Context Protocol, enabling AI tools to connect to Granola's data directly.

Enterprise customers now include Vanta, Gusto, Asana and Mistral AI.