Recall.ai
-54%
est. 2Y upside i
Recall.ai is the API to get recordings, transcripts, and metadata from Zoom, Google Meet, Microsoft Teams, Webex, Slack, In-person meetings, and more.
Rank
#847
Sector
Developer Tools, AI
Est. Liquidity
~4Y
Data Quality
Data: HighRecall.ai is a fast-growing ($31M ARR, +211% YoY) company in the large and expanding AI developer tools sector, with a strong unified API moat that it is actively expanding beyond traditional meeting bots.
Last updated: March 10, 2026
Recall.ai expands its unified API to new communication channels like mobile and in-person meetings, and leverages its data insights for advanced AI features, driving ARR to over $100M by 2028 and justifying a $750M+ valuation at a healthy multiple.
Recall.ai maintains its leadership in the conversation intelligence API space, growing ARR to $60-70M by 2028 by expanding its customer base and platform features, leading to a $450M valuation.
Increased competition from incumbents like Zoom and Microsoft offering enhanced native APIs, combined with a market downturn or a shift towards bot-free notetakers, slows Recall.ai's growth significantly, leading to a flat or down round at a $110M valuation.
Preference Stack Risk
highFunding Intensity
20%Investors hold $51M in liquidation preferences ahead of common stock. In an exit at or below $250M, common stock holders would see returns only after the $51M preference is paid out.
Dilution Risk
highAs a Series B company that is not yet profitable, Recall.ai will likely require at least one to two more funding rounds, which will dilute existing equity holders.
Secondary Liquidity
limitedGiven its Series B stage and employee count (~30), there is likely limited to no active secondary market for employee equity.
Questions to Ask at the Interview
Strategic questions based on Recall.ai's data — designed to show you've done your homework.
- 1
“Given that major incumbents like Zoom and Microsoft offer their own meeting APIs, and the rise of bot-free notetakers, how does Recall.ai plan to further strengthen its unified API moat and prevent commoditization, especially with its Desktop Recording SDK and plans for mobile/in-person support?”
- 2
“With $31M ARR and 211% YoY growth, what are the key strategic initiatives to maintain this growth trajectory and achieve profitability within the next 2-3 years, particularly regarding expansion into new conversation data types and advanced AI integrations?”
- 3
“As a Series B company with $51M in total funding, how is the company thinking about the path to a liquidity event for employees, and what are the plans regarding future funding rounds and potential secondary liquidity?”
Community
Valuation Sentiment
Our model estimates -54% upside. What do you think?
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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.