How did Fireflies begin?

Fred’s manual note-taking origin story

Did AI’s rise ever feel like the end?

Do users expect note tools to be free?

What’s Fireflies’ larger product vision next?

Will AI disrupt entry roles in India?

Have giants tried to acquire Fireflies?

Why has Fireflies avoided fundraising?

Is investor pressure a factor for you?

What happens to apps if AI bubble bursts?

Conclusion

Credits

Fireflies started as a small experiment by two young engineers trying to fix a simple workplace problem: remembering what was said in meetings. A decade later, it has quietly become one of the few profitable AI companies operating at global scale. In this episode, of ET in the Valley, host Himanshi Lohchab talks to Co-founder & CEO at Fireflies.ai,

Krish Ramineni traces that path from manually joining calls as “Fred” to validate demand, to rebuilding the product after securing early access to OpenAI’s APIs. He discusses the pressure of fast followers, why note-taking was only the entry point, and how Fireflies is now expanding into sector-specific workflows across healthcare, finance and retail. Krish also explains why the company resisted the fundraising race, how it approached M&A interest, and why he believes the next phase of AI will involve “AI employees” handling routine work across tools. It’s a grounded conversation about discipline, timing and what real adoption looks like in an overheated AI market.

Tune in.

You can follow Himanshi Lohchab on her social media: X and Linkedin

Check out other interesting episodes of ET in the Valley: ET in the Valley:  Grant Lee, Co-Founder & CEO of Gamma, ET in the Valley: Databricks Co-founder Patrick Wendell, ET in the Valley: Replit Founder and CEO Amjad Masad, ET in the Valley: ElevenLabs Co-Founder Mati Staniszewski and much more.

Catch the latest episode of ‘The Morning Brief’ on The Economic Times Online, Spotify, Apple Podcasts, JioSaavn, Amazon Music and Youtube.

Fireflies started as a small experiment by two young engineers trying to fix a simple workplace problem: remembering what was said in meetings. A decade later, it has quietly become one of the few profitable AI companies operating at global scale. In this episode, of ET in the Valley, host Himanshi Lohchab talks to Co-founder &amp; CEO at Fireflies.ai,
Krish Ramineni traces that path from manually joining calls as &ldquo;Fred&rdquo; to validate demand, to rebuilding the product after securing early access to OpenAI&rsquo;s APIs. He discusses the pressure of fast followers, why note-taking was only the entry point, and how Fireflies is now expanding into sector-specific workflows across healthcare, finance and retail. Krish also explains why the company resisted the fundraising race, how it approached M&amp;A interest, and why he believes the next phase of AI will involve &ldquo;AI employees&rdquo; handling routine work across tools. It&rsquo;s a grounded conversation about discipline, timing and what real adoption looks like in an overheated AI market. Tune in. You can follow Himanshi Lohchab on her social media: <a href="https://x.com/HimanshiET">X</a> and <a href="https://www.linkedin.com/in/himanshi-lohchab-751804173/">Linkedin</a>
Check out other interesting episodes of ET in the Valley: <a href="https://podcasts.apple.com/in/podcast/the-morning-brief/id1568661777?i=1000738448473">ET in the Valley:&nbsp; Grant Lee, Co-Founder &amp; CEO of Gamma</a>, <a href="https://podcasts.apple.com/in/podcast/the-morning-brief/id1568661777?i=1000737335976">ET in the Valley: Databricks Co-founder Patrick Wendell</a>, <a href="https://podcasts.apple.com/in/podcast/the-morning-brief/id1568661777?i=1000736346116">ET in the Valley: Replit Founder and CEO Amjad Masad</a>, <a href="https://podcasts.apple.com/in/podcast/the-morning-brief/id1568661777?i=1000735309153">ET in the Valley: ElevenLabs Co-Founder Mati Staniszewski</a> and <a href="https://podcasts.apple.com/in/podcast/the-morning-brief/id1568661777">much more</a>.
Catch the latest episode of &lsquo;The Morning Brief&rsquo; on <a href="https://economictimes.indiatimes.com/podcast?from=mdr">The Economic Times Online</a>,<a href="https://open.spotify.com/show/6PL5kfPbwURBEu6fHCVTOL?si=26ec0fbfa7134fea"> Spotify</a>, <a href="https://podcasts.apple.com/in/podcast/the-morning-brief/id1568661777">Apple Podcasts</a>, <a href="https://www.jiosaavn.com/shows/the-morning-brief/1/GNPiFQD2xpY_">JioSaavn</a>, <a href="https://music.amazon.in/podcasts/f378141f-9afb-495d-83da-9b08ec5047ac/the-morning-brief">Amazon Music</a> and <a href="https://www.youtube.com/@theetpodcasts">Youtube</a>.

To make sense of the week’s hottest stories in business, economy, politics and markets, journalists from the Economic Times chat with reporters and industry leaders in this thrice-weekly (Tuesday, Thursday, Friday) podcast.

The Morning Brief

ET in the Valley: Krish Ramineni, Co-founder & CEO at Fireflies.ai