- Wispr AI is in talks to raise approximately $260 million led by Menlo Ventures.
- The deal could more than double Wispr’s valuation to nearly $2 billion from its previous valuation of $700 million in November.
- Wispr Flow’s voice dictation software is used by employees at Nvidia and Amazon.
Wispr AI is in talks to raise about $260 million in new funding, which could boost the company’s valuation to nearly $2 billion, Bloomberg reports.
Menlo Ventures is expected to lead the funding round, according to people familiar with the matter.
The funding marks another jump for the startup, which was valued at $700 million in November. Wispr has already raised about $81 million from investors including Notable Capital and Flight Fund, as demand for voice-based software to replace traditional typing grows.
Founded in 2021 by Tanay Kothari and Sahaj Garg, the San Francisco-based company has developed Wispr Flow, a voice dictation platform focused on making speech-to-text conversion faster, more accurate, and more natural in everyday tasks.
Wispr initially experimented with wearable hardware before completely pivoting to voice software. The company’s current products are designed for developers, enterprise teams, and professionals who increasingly rely on conversational computing tools that generate prompts, codes, notes, and messages through voice rather than the keyboard.
The platform combines in-house models and technology from leading research institutions to improve speech recognition, formatting, editing, and contextual understanding. Unlike traditional dictation tools, Wispr Flow adapts to your individual writing style, automatically removing filler words, formatting your sentences, and learning frequently used terms over time.
Its adoption quickly spread among engineers and technology workers. Employees at companies like Nvidia and Amazon reportedly use the software to more efficiently interact with coding assistants and workplace tools.
Wispr operates in the rapidly expanding voice productivity software market, competing with companies such as OpenAI, Eleven Labs, Super Whisper, and Talktastic. Big tech companies like Apple and Google also continue to improve their native voice assistants and dictation products.
Looking to the future, Wispr will expand beyond desktop applications into mobile and international markets. The company recently launched support for Android and iPhone, as well as expanding its presence in countries like India, where demand for voice-first productivity tools is rapidly increasing.
