Fathom, the AI-powered meeting intelligence platform that enables teams to have more productive conversations, announced it has raised $17 million in Series A funding led by Telescope Partners.
Fathom’s seed investors reportedly include Maven Ventures, Character, Active Capital and Rackhouse Ventures.
The company also reserved 10% of the round for its users, who “invested over $2 million via the crowdfunding platform Wefunder in two weeks.”
Founded in 2020 by Richard White, Fathom uses artificial intelligence and natural language processing “to transcribe, summarize and analyze meetings in real-time.”
Fathom has invested heavily in “building proprietary AI infrastructure from Day One, enabling it to offer a high-quality free product while keeping costs low.”
The platform is designed to be “easily customizable, adapting to the unique needs of various teams.”
Fathom has experienced explosive growth, “with revenue increasing 90x and usage growing 20x over the last two years.”
It is the most-installed AI app on both the Zoom and HubSpot marketplaces.
White, the CEO and Founder of Fathom:
“We’re not just transcribing meetings, we’re providing an intelligent layer that helps surface key insights, decisions and action items so that every conversation can be more impactful. This funding will allow us to accelerate our product vision — to allow teams to bring something into existence by simply speaking it in a meeting. With AI creating the tasks, specs, docs, and more, people can focus on the work that matters most. Our goal is for teams to have fewer meetings, but much more visibility into the organization around them as a result of those meetings.”
With the Series A funding, Fathom plans to “further develop its Team Edition product, which allows managers to get visibility into customer conversations and coach their teams.”
Powerful AI features like Deal Intelligence and customizable meeting templates make Fathom indispensable “for customer-facing teams in sales, customer success, product and more.”
Looking ahead, Fathom will continue “to push the boundaries of AI to help teams have more meaningful, productive conversations.”
With a focus on customization and ease of use, Fathom is well-positioned to become the intelligence layer “that powers meetings across organizations of all sizes.”
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