Office-less AI startup Fireflies achieves unicorn status
Fireflies.ai, the AI meeting assistant, just joined the unicorn club with a $1 billion valuation.
This remote-first startup runs with just 120 people spread across 40+ cities.
'Shift from the usual raise big, burn fast playbook'
Instead of chasing huge funding rounds, Fireflies.ai let early employees cash out through a tender offer and kept its valuation realistic.
Profitable since 2023 and growing fast without new capital since its Series A in 2021, CEO Krish Ramineni describes it as a shift from the usual "raise big, burn fast" startup playbook.
More than just a notetaker now
Fireflies.ai started as a simple notetaker but now acts like an AI teammate—handling real-time transcriptions, industry-specific notes, and even voice-activated web searches during meetings (thanks to a collab with Perplexity).
Plus, their app store has over 200 tools for things like drafting emails or analyzing calls—making teamwork way smoother.