Wispr raises $280M at $2B valuation

Wispr, an AI startup specializing in dictation tools, has raised $280 million in Series B funding, reaching a $2 billion valuation. The funding round was led by Menlo Ventures and included participation from existing and new investors. Wispr plans to use the funds to expand its product offerings, including a new meeting note-taker tool, and improve its speech understanding model, Canto, which aims to reduce error rates significantly. This move comes amid growing competition in the dictation market and Wispr's efforts to enhance its technology and market presence.