Ukrainian-founded AI startup Bluedot raises $600k in angel funding, valued at $5M

At the end of April this year, the Ukrainian-founded startup Bluedot closed a $600,000 investment within the pre-seed round with an estimated value of $5 million. The startup develops an AI-powered Google Chrome extension that helps create fast notes in Google Meet. Bluedot told AIN the details.

About Bluedot

• Bluedot is an AI Chrome Extension for Google Meet. The founders started working on the startup a year and a half ago, and it was fully launched eight months ago. According to the team, the product is growing fast, with 40% MRR growth. Currently, Bluedot has customers in the USA and Europe.
• The startup is currently attracting not only international, but also Ukrainian customers, because they offer their services in Ukrainian. The current team of the startup consists of four people, three of them are co-founders.

We are creating the most secure recorder for meetings on the European market. With the help of our extension, you can record a meeting, which will later be transcribed. Based on the transcript, meeting notes are created for various use cases, and conversation analytics and recommendations are provided,

Bluedot says.

Bluedot shared that their product is different from the competition, in particular as follows:

• No need to invite a third party or bot to record the conversation.
• All data is stored locally on European servers.
• A transcript is available in Ukrainian, Polish, Dutch, and other European languages.

Investment details

• Funds were raised from angel investors from Ukraine, England, Germany, France, and the USA: Codility founder Greg Jackacky, GL trade founder Louis-Christophe Laurent, YouScan founder Alex Orap, YCBM founder Bridget Harris, former Taxfix product lead Daniel ShuHi, the first angel in Zendesk Thomas James, angel investors Andriy Skoropad, Ivan Kohut, Zbigniew Lukasiak.
• The round was also joined by the OnDeck Ventures accelerator, Google for Startups, and Daniel Gross, ex-partner of YC.

Bluedot now has over 1,000 paying customers, including The New York Times, Etsy, UserTesting, SalesForce, and more. The funds will be used to strengthen marketing and the team.