Wispr closed a $280 million Series B round led by Menlo Ventures, valuing the firm at $2 billion. Total funding now reaches $361 million, with prior backers Notable Capital, NEA, Neo Ventures, 8VC and MVP Ventures reinvesting and new investors Acrew, Forerunner, Goodwater, Peak XV, Together Fund and PLUS Capital joining. The capital will support expansion beyond dictation, focusing on meeting‑related features and growing sales teams in India and the UK.
Alongside the round, Wispr unveiled a new speech‑understanding model called Canto that it claims cuts dictation error rates from about 30 % to under 10 %. It also launched a meeting‑note taker that rivals Granola, Fireflies and Read AI, announced a hardware tie‑up with the Oasis ring for low‑volume dictation, released its dictation app on Android, and set up Wispr Interface Labs under former Alexa engineer Ariya Rastrow to study alternative interaction methods.
- Series B: $280 M at $2 B valuation
- Total raised: $361 M
- New model Canto: error rate ↓ from ~30 % to <10 %
- Platforms: Android app, Oasis ring hardware partnership
- Products: meeting note‑taker, Wispr Interface Labs
Why this matters
Inference: Wispr’s shift from pure dictation to a broader meeting‑assistant suite, backed by a large‑scale model upgrade and hardware integration, signals an attempt to differentiate in a crowded speech‑AI market where low‑cost or free alternatives are proliferating. By targeting error‑rate reduction and expanding platform reach (Android, Oasis ring, international GTM), the company aims to improve usability and retention, which could affect its ability to sustain the $2 billion valuation if competitors continue to offer comparable accuracy at lower price points.