According to TechCrunch, the AI voice tool Wispr has raised $280 million in its Series B round, achieving a post-money valuation of $2 billion. The round was led by Menlo Ventures, with existing investors including Notable Capital, NEA, Neo Ventures, 8VC, and MVP Ventures participating. New institutional investors such as Acrew, Forerunner, Goodwater, Peak XV, Together Fund, and PLUS Capital also joined. The company has now raised a total of $361 million and plans to use the funds to expand its products for voice transcription and meeting summaries, launch its new voice model Canto—which reduces error rates from approximately 30% to under 10%—and strengthen its presence in markets such as India and the UK, as well as pursue hardware partnerships.
AI voice tool Wispr completes $280M Series B funding, valuation reaches $2B
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Summary
AI voice tool Wispr has closed a $280 million project funding round, raising its valuation to $2 billion. Menlo Ventures led the Series B round, with participation from Notable Capital, NEA, Acrew, and Forerunner. The company has now raised a total of $361 million, which will be used to expand its voice transcription and meeting summary products. The funds will also support the launch of a new voice model, Canto, reduce error rates to under 10%, and accelerate market expansion in India and the UK. Hardware partnerships are also on the roadmap. The funding underscores the growing momentum in AI and crypto news as the company scales its operations.
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