WillItSurvive
Enterprise and productivity software · Canada

Fellow.app

fellow.app ↗

Fellow.app makes AI meeting notes, agendas, and action-item tracking software for teams.

Losing its protection
Assessed 22 July 2026 · Evidence as of 22 July 2026
The structural protection is eroding.
On the recordSince 22 July 2026 · Checkable from by Q1 2027 · Every call on the record Checkpoint: Whether Fellow closes a new priced funding round to fund its $100M-by-2028 push
The call

Fellow found real revenue growth in AI notetaking, but it is racing free native features from Microsoft, Google, and Zoom without new funding to back the sprint.

Fellow.app helps teams record, transcribe, and summarize meetings using AI, and has built a real business with $10 million in yearly revenue and over 5,000 customers. The problem is that Microsoft Teams, Google Meet, and Zoom have all added the same AI features directly into their apps for free, which makes it hard for Fellow to justify why customers should pay for a separate tool when their existing platform already does it. The one thing that could save Fellow is if customers get locked into using it across different meeting apps and care enough about compliance or workflow features that the free alternatives do not offer, but that has not proven strong enough yet to compete against the convenience and price of free.

Why
01
AI pressure: Microsoft Teams Copilot, Google Gemini in Meet, Zoom AI Companion. These platforms now transcribe and summarize meetings free and natively, the exact job Fellow charges for. Could AI do the core job? Yes, likely.
02
Bigger players: Microsoft, Google, Zoom. Each owns the meeting room itself and bundles AI notetaking in, undercutting Fellow on price and convenience. Could a giant copy it? Yes, easily.
03
What protects it. Fellow works the same way across Zoom, Teams, and Meet, so it can track action items and history across all of them, something single-platform AI can't do.
What would change this call
Fellow announces a priced funding round by Q1 2027. Would show investors still see growth potential despite 57-month funding gap.
Microsoft, Google, or Zoom ships native cross-meeting search plus org-wide action-item tracking. Would collapse the workflow lock-in that currently differentiates Fellow.
Fellow's web traffic trend after June 2026 (-13% QoQ) rebounds or keeps declining. Indicates whether customer acquisition is recovering or continuing to weaken.
Key numbers
  • $10M ARR from AI product launched Jan 2024 (Jun 2026)
  • No priced funding round in 57 months (Jun 2026)
  • Web traffic down 13% quarter over quarter (Jun 2026)
Named risks
  • No new priced funding round since October 2021, roughly 57 months as of mid-2026. Severity: high
  • Core transcription and summarization function is commoditized per Fellow's own blog, undercutting differentiation. Severity: high
  • Free native AI meeting tools from Microsoft, Google, and Zoom bundle Fellow's core feature set at no cost. Severity: high
  • Web traffic down 13% quarter over quarter as of June 2026, a possible leading indicator of demand softening. Severity: medium
  • Customer churn of 407 out of roughly 1,511 tracked accounts as of July 2026. Severity: medium
Rivals, as read in July 2026
RivalDirectionEvidence
Microsoft Teams Copilotgaining onShips native free meeting recap on the platform Fellow depends on for distribution, noted in 2026 roundups
Google Gemini in Meetgaining onCited as free alternative to standalone notetakers in third-party roundup, 2026-05-07
Zoom AI Companiongaining onNative AI meeting summary bundled free into Zoom, Fellow's core distribution platform
Otter.aicontestingBuilding broader Conversation Intelligence Platform with cross-meeting AI chat, per Otter's own blog, 2026-04-27 (vendor-claimed)
Fireflies.aicontestingListed alongside Fellow as direct AI notetaker competitor in 2026 comparison roundups
Questions people ask
Is Fellow.app profitable in 2026?
No profitability figures are disclosed. Fellow's CEO told BetaKit (2026-06-16) that its AI product line hit $10M ARR two years after a January 2024 relaunch, but the company hasn't raised a priced funding round since October 2021, suggesting it is scaling on existing capital rather than confirmed profit.
Could AI replace Fellow.app?
Fellow's own blog (2026-01-21) states basic transcription and summarization is now commoditized industry-wide, and free native AI recap tools from Microsoft Teams, Google Meet, and Zoom already replicate Fellow's core notetaking function, pressuring its standalone product.
Who is Fellow.app's biggest competitor?
Fellow competes directly with Otter.ai, Fireflies.ai, Fathom, Granola, tl;dv, Krisp, and MeetGeek in the AI notetaker category, while facing bundled free alternatives from Microsoft Teams Copilot, Google Gemini in Meet, and Zoom AI Companion as of 2026.
Who owns Fellow.app?
Fellow (legal entity Fellow Insights Inc.) is privately held and venture-backed, founded November 2017 in Ottawa by Aydin Mirzaee, Amin Mirzaee, and Samuel Cormier-Iijima, with no parent company; it raised a $24M Series A led by Craft Ventures in October 2021.
Has Fellow.app raised any funding recently?
No. Fellow's last disclosed funding was a $24M Series A in October 2021, bringing total disclosed funding to roughly $30.5M. As of June 2026, Crustdata noted it had been about 57 months since any new priced round was reported.
How many customers does Fellow.app have?
Fellow surpassed 5,000 paying customers by June 2026 per BetaKit, though a July 2026 Bloomberry tracker counted 1,104 actively paying customer companies with 407 having churned, indicating notable turnover alongside growth.
Timeline
  • 2026-07-10Bloomberry reports 1,104 active paying customers, 407 churned
  • 2026-06-20Crustdata: ~65 employees, -13% QoQ web traffic, 57 months since funding
  • 2026-06-16BetaKit reports $10M ARR, 5,000+ customers, $100M-by-2028 target
  • 2026-03-11Fellow AI Note Taker help doc cites 90-93+ language transcription support
  • 2026-01-09Fellow.app rebrands domain to Fellow.ai
  • 2025-12-03Fellow 5.0 launches botless Zoom recording and MCP Server for Claude/ChatGPT
  • 2025-09Fellow adds Zapier triggers, unlocking 8,000+ app integrations
  • 2024-01Fellow launches AI-powered product pivot away from legacy agenda software
  • 2021-10-27Fellow raises $24M Series A led by Craft Ventures
  • 2017-11Fellow founded in Ottawa by Aydin Mirzaee, Amin Mirzaee, Samuel Cormier-Iijima
Revision history
22 July 2026
First assessed. Losing its protection. The text above is fixed as of this date and is not edited afterwards.
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