AI voice technology company Wispr has raised $280 million in Series B funding at a $2 billion valuation.
The round was led by Menlo Ventures and included participation from Notable Capital, NEA, Neo Ventures, 8VC, MVP Ventures, Acrew, Forerunner, Goodwater, Peak XV, Together Fund and PLUS Capital.
The round also attracted a number of high-profile individual investors, including Livvy Dunne, Shaun White, Dak Prescott, DK Metcalf, Joe Burrow, Kyle Hamilton, Aaron Gordon, Alex Caruso, Domantas Sabonis, Klay Thompson, Paul George and Trae Young.
Wispr plans to use the new capital to accelerate research and product development while expanding its global operations.
With its latest funding, Wispr aims to move beyond traditional voice dictation and build a broader voice interface layer for interacting with computers and software.
The latest financing values Wispr at $2 billion, highlighting growing investor interest in AI-powered voice interfaces and human-computer interaction.
Led by CEO Tanay Kothari, Wispr is focused on making voice a more natural way for people to interact with software and digital devices.
Its flagship product, Wispr Flow, is an AI voice dictation platform that converts natural speech into polished and formatted text across applications. The platform is designed to help users write faster while using AI to improve formatting and structure.
Wispr says its products are now used by millions of people globally across more than 125,000 companies.
Alongside the funding announcement, Wispr is introducing Canto, its proprietary speech model designed for environments where voice recordings may be less than ideal.
The model is intended to improve speech recognition in challenging real-world settings, including cars, public spaces and open offices.
The company believes advances in speech recognition can make voice-based interaction more practical across a broader range of everyday computing environments.
