Granola Secures $125M Series C, Reaches $1.5B Valuation With Enterprise APIs

AI meeting notetaker Granola has raised a $125M Series C round, valuing the company at $1.5B (up from $250M). The round was led by Index Ventures, with participation from Kleiner Perkins and existing investors Lightspeed Venture Partners, Spark Capital and NFDG Ventures. Granola is repositioning from a prosumer transcription tool into an enterprise AI platform, aiming to avoid commoditization as competitors like Fireflies.ai, Otter.ai and Read AI expand. Key product moves include “Spaces,” dedicated team workspaces with granular access controls and folder organization for structured knowledge management. The company is also launching two APIs: a Personal API for user-level programmatic access to notes and shared content, and an Enterprise API for administrators to manage and use team context. This addresses earlier community concerns after changes to local data storage disrupted some on-device AI agent workflows; Granola said it was not built for deep local workflow integration and promised bulk data access via official APIs. Granola previously introduced an MCP server (Model Context Protocol) in February and is updating it to improve integration with tools such as Claude, ChatGPT, Figma and Replit. Enterprise adoption is highlighted by clients including Vanta, Gusto, Thumbtack, Asana and Mistral AI. For traders, the funding signals continued investor appetite for applied AI productivity software, but it is not a direct crypto market catalyst.