Grain, a San Francisco, CA-based provider of a video meeting workspace, raised $16M in Series A funding.
The round was led by Tiger Global Management, with participation from Zoom Video Communications, Slack Fund, Unusual Ventures, Freestyle VC, Acrew, and Peterson Ventures.
The company intends to use the funds to continue accelerating growth and expand its product solutions to meet customer demand.
Co-founded by Mike and Jake Adams, Grain provides a video meeting workspace, which enables teams to record meetings, share highlights and build knowledge from all conversations. The AI-based platform connects to Zoom Meetings and automates call recordings, notes, and transcriptions in order to build a knowledge base of easily searchable and shareable company meetings. By integrating into Zoom, users can identify and export the most important moments in meetings, turn them into user stories, and build libraries of company, customer and market knowledge.
The company recently acquired PingPong, a video messaging platform backed by YC, TechStars and MatchStick ventures, adding founder Jeff Whitlock as Head of Operations.