Plaud Plans to File IPO for AI Note-Taking Startup in 2028

AI startup Plaud intends to file for an initial public offering (IPO) in 2028, according to CEO Nathan Xu. The company aims to achieve a $1 billion yearly revenue before filing for a U.S. public listing. In 2022, Plaud was incorporated and has already achieved $500 million in global sales this year, with more than 2.5 million users in over 170 countries.

The company's products include the Plaud Note, an AI-powered note-taking device and software that records, transcribes and summarizes phone conversations. Plaud's CEO cited the difficulty of keeping track of important ideas and details during meetings as the inspiration for starting the company. Xu stated that Plaud was valued over $1 billion as of 2025 and is currently highly profitable, with about 300 employees in China and 100 in San Francisco.

The company has expanded its operations to Europe, Japan and Southeast Asia, and opened its new Asia-Pacific headquarters in Singapore in September. Plaud's main priority is hiring the "best talent" to acquire companies with robust talent for building capabilities that cannot be created quickly enough internally. The company is primarily focused on acquiring talent rather than adding new users or products.