Fireflies.ai records and transcribes voice conversations (including video meetings) and routes that voice data into other applications to automate data entry, task creation and related workflows. The company operates a hybrid SaaS and usage-based pricing model with a free tier and paid tiers that allocate monthly transcription minutes; customers can purchase higher caps. According to the article, more than 10,000 teams use Fireflies and some 35,000 organizations are represented among its users. CEO Krish Ramineni said the company grew revenues 300% in the prior six to seven months and that Fireflies will sport SaaS-like gross margins. The team is roughly 90% product and engineering, and the product already integrates with services such as Zapier, Slack and CRMs. Looking ahead, the company plans to plug into more meeting platforms and external software, and the article suggests potential to build higher-level automation (for example, a no-code automation layer on top of meeting notes). Fireflies.ai builds an AI assistant that records and transcribes meetings and surfaces action items, next steps, questions, assigned tasks, major topics, and sentiment. The company launched its text-to-speech transcription service in October 2018 and connects with VoIP/video services including Zoom, Google Meet, and Cisco WebEx. After meetings, flagged insights can be shared to team collaboration and CRM apps such as Slack, Salesforce, and HubSpot. Fireflies is focused on improving language understanding for specific workflows used by recruiters and sales teams and on building team workflows to drive adoption. The company plans to grow its machine-learning and engineering teams using the new funding. Fireflies was founded in July 2016, has offices in Hyderabad, India and San Francisco, and currently employs 16 people.

Total raised

$19M

Funding rounds

2

Latest round

Series A

Latest activity

May 2021