Wispr, the startup behind the AI dictation tool Wispr Flow, has raised $280 million in a Series B round led by Menlo Ventures at a $2 billion valuation, the company announced Monday — less than 10 months after its previous round.
The round brings Wispr's total funding to $361 million. Existing investors Notable Capital, NEA, Neo Ventures, 8VC and MVP Ventures doubled down, joined by new backers Acrew, Forerunner, Goodwater, Peak XV, Together Fund and PLUS Capital.
The new capital will fund expansion beyond dictation. Wispr recently released a meeting note-taker that produces summaries and action items, going head-to-head with tools like Granola, Fireflies and Read AI. The company also announced a new speech-understanding model called Canto, which it says will cut error rates in Flow's dictation from roughly 30% to under 10%, after users complained about a quality dip in recent weeks.
The funding comes amid intensifying competition in the dictation space from apps like Willow, Monologue, Aqua and Superwhisper, as well as free and lower-priced prosumer tools. Wispr has responded by shipping its app on Android since November, scaling go-to-market teams in India and the U.K., and partnering with hardware makers such as the Oasis ring so users can dictate on the go.
Last month the startup launched Wispr Interface Labs under Ariya Rastrow, a veteran of Amazon Alexa's early days, to explore new interfaces for human-computer interaction — a signal of where the company believes the voice-first future is heading.
