Startup Otter.ai Raises $50 Million, Hires Chief Marketing Officer

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Otter.ai, which develops a cloud-based note-taking and speech transcription app, has raised a $50 million Series B round led by Spectrum Equity, with participation from existing investors Horizons Ventures, Draper Associates, GGV Capital. The funding underscores Otter’s status as a popular tool for remote work during the pandemic, which it has carved out...