Wispr has raised $280 million in Series B funding at a $2 billion valuation, giving the AI dictation startup more capital to expand into adjacent productivity tools. Menlo Ventures led the round, and the company says it has now raised $361 million in total.
The funding comes as Wispr moves beyond its Flow dictation product into areas such as meetings, including a newly released note-taking tool. The company also announced a new speech-understanding model called Canto after some users complained about a recent drop in dictation quality.
The market is getting crowded, with competitors such as Willow, Monologue, Aqua, and Superwhisper, plus lower-cost tools built by independent developers. Wispr's raise suggests investors still see room for a large speech interface company, but the next test is product reliability. For voice-first AI tools, small recognition errors can quickly become workflow blockers, especially when users rely on them for writing, notes, and work communication.