Wispr Flow Raises $280 Million at $2 Billion Valuation, Peak XV Joins New Round
The startup will use the money to expand into meetings and new speech models as users report a recent quality dip, the company said.
- On Monday, AI speech recognition startup Wispr Flow announced a $280 million Series B funding round led by Menlo Ventures, valuing the San Francisco-based company at $2 billion.
- This latest investment brings Wispr's total capital raised to $361 million, following a $25 million round led by Notable Capital less than 10 months ago.
- CEO Tanay Kothari said the new Canto model reduces error rates from more than 30% to between 5% and 10%, with the company previewing the proprietary technology alongside the funding announcement.
- Expanding beyond dictation, Wispr is utilizing the new capital to scale its meeting notetaker tool, positioning the company to compete directly with rivals like Granola, Fireflies, and Read AI.
- Under former Amazon Alexa veteran Ariya Rastrow, Wispr Interface Labs will drive research into new human-computer interaction methods, supporting the company's base of more than 10,000 enterprise customers.
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Wispr Series B hits $2bn as Menlo bets the text box dies
Wispr has raised $280mn at a $2bn valuation. Menlo Ventures led the round, having led the last one too. Total funding now stands at $361mn. The company makes Wispr Flow, a dictation app that turns speech into cleaned-up text in whatever application your cursor happens to be in. Reuters reports the previous round valued it […] This story continues at The Next Web
The Economic Times
Times of IndiaWispr Flow raises $280 million at $2 billion valuation, Peak XV joins new round
San Francisco-based voice AI startup Wispr Flow has raised $280 million at a $2 billion valuation, nearly tripling its valuation from its previous round. The funding takes its total capital raised to $361 million and will support speech-model development and product expansion. The company also unveiled a preview of its proprietary speech model, Canto.
Wispr Flow raises $280M at $2 billion valuation to expand AI voice platform - Tech Startups
Wispr Flow raised $280 million in a Series B at a $2 billion valuation, giving the AI voice startup fresh capital to improve its speech technology and expand deeper into the workplace. Menlo Ventures led the round, joined by existing […] The post Wispr Flow raises $280M at $2 billion valuation to expand AI voice platform first appeared on Tech Startups.
Wispr Flow valued at $2 billion in latest funding round
Aug 17 (Reuters) - AI speech recognition and dictation startup Wispr Flow said on Monday it has raised $280 million in a funding round that valued it at $2 billion. The series B round was led by long-time investor and partner Menlo Ventures and j...
Wispr Flow valued at $2 billion on investor demand for AI voice-to-text startups
Aug 17 : Wispr Flow said on Monday it had raised $280 million in a Series B funding round that valued the company at $2 billion, as investors bet on growing demand for AI-powered voice tools that help users write and work hands-free.The round was led by existing investor Menlo Ventures and included current ba
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