Canto cuts Wispr's word error rate from 30% to under 10% in noisy conditions

Wispr, the startup behind the dictation app Wispr Flow, said Monday it raised $280 million in Series B funding at a $2 billion valuation.

The round was led by Menlo Ventures. The cash gives Wispr fresh capital to deal with accuracy complaints and to move into meetings as rivals flock to the voice-to-text market.

The round brings Wispr’s total to $361 million

The financing takes Wispr’s total funding since its founding in 2021 to $361 million. It closed its last funding round less than ten months ago. The company had raised around $81 million prior to this round.

Menlo Ventures, a backer of Wispr, led the Series B round. Existing investors, including Notable Capital, NEA, Neo Ventures, 8VC, and MVP Ventures, added more. Wispr also brought in new backers, including Acrew, Forerunner, Goodwater, Peak XV, Together Fund, and PLUS Capital.

Wispr’s competitors are popping up, including apps such as Willow, Monologue, Aqua, and Superwhisper, as well as a wave of free and cheaper tools targeting power users.

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