Interest in generative AI ventures high: Fireflies AI CEO Krish Ramineni

AI meeting assistant Fireflies.ai founder Co-founder and CEO Krish Ramineni said the company is building on top of its transcription offering with generative technology and may consider raising funds early next year to support expansion plans. Ramineni, during his India visit spoke to PTI about the rapid growth in AI and startups in India and the Silicon Valley. He said at present there is a lot of interest and appetite for generative AI startups. Fireflies.ai helps your to transcribe, summarize, search, and analyze voice conversations. On its fundraising plans, Ramineni said, "We have potential plans to look into it at the start of next year. There's definitely a lot of interest and appetite for generative AI startups right now, but we're operating well and we're pretty capital efficient, so we have plenty of runway," he added. Launched just before the pandemic in January 2020, the San Francisco-based company has raised USD 19 million until now. Fireflies.ai operates in 20 nations

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