Wispr, a startup known for its AI dictation tool, raised $280 million in Series B funding, led by Menlo Ventures, at a $2 billion valuation, the company announced on Monday. The funds will allow Wispr to increase its footprint as it ventures into new areas, such as meetings, with its newly released note-taker tool. The new capital comes at a time when there is increased competition in the dictation space from apps like Willow, Monologue, Aqua, and Superwhisper, among others. In addition, several developers are creating free or lower-priced tools for prosumers. Existing investors, including Notable Capital, NEA, Neo Ventures, 8VC, and MVP Ventures, doubled down in the latest round. The company also gained new investors such as Acrew, Forerunner, Goodwater, Peak XV, Together Fund, and PLUS Capital. Alongside the funding news, Wispr announced it's launching a new model to improve the quality of speech understanding. For the last few weeks, several users have complained about a quality...
learn more
