Wispr raises $280M at $2B valuation as it looks beyond dictation

Wispr, a startup known for its AI dictation tool, raised $280 cardinal successful Series B funding, led by Menlo Ventures, astatine a $2 cardinal valuation, the institution announced connected Monday. The funds volition let Wispr to summation its footprint arsenic it ventures into caller areas, specified arsenic meetings, with its recently released note-taker tool.

With this latest round, the institution has raised $361 cardinal to date. Its past circular was little than 10 months ago.

The caller superior comes astatine a clip erstwhile determination is accrued contention successful the dictation abstraction from apps similar Willow, Monolouge, Aqua, and Superwhisper, among others. In addition, respective developers are creating escaped oregon lower-priced tools for prosumers.

Existing investors, including Notable Capital, NEA, Neo Ventures, 8VC, and MVP Ventures, doubled down successful the latest round. The institution besides gained caller investors specified arsenic Acrew, Forerunner, Goodwater, Peak XV, Together Fund, and PLUS Capital.

Alongside the backing news, Wispr announced it’s launching a caller exemplary to amended the prime of code understanding. For the past fewer weeks, several users person complained astir a prime dip successful Wispr Flow’s dictation output. The institution said its caller model, called Canto, volition trim mistake rates from 30% to little than 10%.

Since past November, Wispr has released its dictation app connected Android and has scaled its go-to-market teams successful regions similar India and the U.K.

It’s besides partnering with hardware makers, similar the Oasis ring, to fto customers dictate connected their devices without speaking loudly. Separately, with its gathering notetaker, it’s taking connected others successful the abstraction similar Granola, Fireflies, and Read AI. While Wispr’s notetaker tin show summaries and enactment items, determination is scope for it to integrate with different tools and marque updates oregon make documents oregon email drafts.

Last month, the startup announced Wispr Interface Labs nether Ariya Rastrow, who was 1 of the radical to enactment connected Amazon Alexa successful its aboriginal days. With this lab, Wispr aims to explore caller interfaces for human-computer interaction.