Wispr Closes $280M Series B at $2B Valuation Led by Menlo

Wispr, the startup behind the Wispr Flow dictation app, has closed a $280 million Series B led by Menlo Ventures at a $2 billion valuation, Fortune reports. Total funding now stands at $361 million, and the round lands roughly six months after the previous raise.

Co-founders Tanay Kothari and Sahaj Garg say Wispr Flow reaches millions of consumers and 100,000 businesses, with revenue growing more than 150% for four consecutive quarters. New investors include Acrew, Forerunner, Goodwater, Plus Capital and Peak XV, alongside existing backers NEA, Notable Capital, Neo Ventures and 8VC. Athletes Joe Burrow, Shaun White, Klay Thompson and Paul George are on the cap table too.

The pitch to Menlo is that dictation is a wedge, not the destination. "It isn't a dictation market. Dictation is how you get in the door. What people pay for is not having to type," said Menlo's Matt Kraning. He added: "The labs have mostly solved intelligence. Nobody has solved how a normal person tells it what they want."

Kothari has cited the JARVIS interface from Iron Man as his reference point, and the founders describe an ambition to sit ambiently across meetings and workflows. That path collides with Apple, Google, Microsoft, Anthropic and OpenAI, each of which already ships or bundles voice capabilities. Garg's counter is trust: "Privacy and security aren't features for us: They're the foundation for earning ambient access to your life."

The round drops into a busy stretch for voice on our tracker, following ElevenLabs anchoring a $7bn Q1 voice AI funding rush. Kothari's own framing of the wedge: "There's this whole class of people who are using Wispr to do things they wouldn't have been able to do otherwise."