Generative AI Startup Supernormal Raises $10M to Take Meeting Notes With GPT-3
Generative AI startup Supernormal has raised $10 million in a seed funding round led by Balderton for its AI meeting transcription and note-taking service. Supernormal employs OpenAI’s GPT-3 large language model to summarize and annotate conversations and presentations as they happen. AI meeting assistants have exploded in popularity over the last few years, but Supernormal is likely to attract even more to their version using the currently best-known generative AI model.
Supernormal’s AI integrates with business communications platforms, including Zoom, Google Meet, and Microsoft Teams, where the customized GPT-3 AI transcribes the verbal conversation and summarizes the discussion. Participants will see a list marking when goals were set, decisions made, and action items scheduled, among other highlights. The AI leverages the data from the meetings it transcribes and the edited notes to learn more about what the clients are looking for so it can refine its approach in the future. Users can also opt to delete any of the stored data if they would prefer. Supernormal launched in October and has raised $12 million after a $2 million round in December. The New York and Stockholm, Sweden-based startup said it plans to apply the new capital toward upgrading and expanding its generative AI tools.
“Our conversations are the center of our work product yet are predominantly ephemeral and rely on diligent use of pen and paper. We have just scratched the surface on an entirely new class of actionable meeting data and Supernormal is unlocking insights and better outcomes across entire organizations,” Supernormal CEO Colin Treseler said. “We’re delighted by the reception so far to Supernormal and look forward to working closely with Balderton and our other investors to deliver next-generation solutions on such a pivotal source of information.”
Demand for AI meeting assistants skyrocketed over the last few years. Adoption accelerated to accommodate more people working from home during the COVID-19 pandemic, as well as advances in natural language understanding and conversational AI. The evolution is particularly clear in how meeting transcription startup Otter.ai raised $50 million in 2021 to completely overhaul and expand its platform with AI-powered meeting summaries, notes, and a suite of communication tools rivaling Slack. The same changes fueled plenty of other funding rounds for young startups like Supernormal, including Airgram’s $10 million and Xembly’s $15 million. Later-stage startups haven’t been left out, as evidenced by the $70 million investment in Kore.ai or the $62 million Speechmatics raised last summer.
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