The assembly note-taker market is a crowded house. Simply in the previous few weeks, dictation app Wispr launched its own note-taker and scheduling app, and Calendly added a similar tool to its stack. Devoted assembly note-takers like Granola, Learn AI, and Fireflies have raised tens of millions of {dollars} in funding.
Doubtless in response to the intensifying competitors, Y Combinator-backed Circleback is introducing a free subscription tier to permit customers to get a style of its product. The brand new plan lets customers transcribe a limiteless variety of conferences although they will solely entry their historical past for the final 30 days (Granola added an identical tier a number of months in the past).
The free plan lets customers report conferences, entry cellular and Apple Watch apps, use AI to question transcripts, and combine the app with Linear and Slack. If prospects need all integrations, limitless assembly historical past, and full API and MCP entry, the subscription plans begin at $14 per thirty days (paid yearly). Previous to this transformation, Circleback didn’t have any free tier, and its plans began at $20.83 per thirty days.
Based in 2023 by Ali Haghani and Kevin Jacyna, Circleback raised $2.5 million in 2024. The corporate says it has been worthwhile since then, and has been clocking run-rate income of over $1 million per worker with a staff of eight individuals, which roughly interprets to a run-rate of about $8 million.
Haghani stated as a result of beforehand restricted trial interval, the corporate noticed an enormous drop-off in customers, which is why it’s introducing a free plan.
“If we simply open the gates and permit extra individuals to make use of the product, that’s gonna deliver Circleback in entrance of extra individuals. Then we’re excellent at making the product good and monetizing these customers,” he stated.
The corporate says it doesn’t spend on Google Advertisements or Meta Advertisements, and this free tier will function advertising bills.
Haghani stated the corporate just isn’t instantly trying to increase funds regardless of curiosity, because it doesn’t see any bottlenecks in its progress trajectory.
“We’re constantly competing and successful prospects towards a lot greater corporations, each by way of variety of individuals and funding raised. And I really feel like there may be now extra of an urge for food to win,” he stated.
He famous that the second the corporate realizes that cash can resolve an issue it’s having, the startup could be open to fundraising.
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