- Wispr AI is in talks to raise around $260 million led by Menlo Ventures.
- The deal could more than double Wispr’s valuation to nearly $2 billion, up from its previous $700 million valuation in November.
- Wispr Flow’s voice dictation software is being used by employees at Nvidia, Amazon.
Wispr AI is in discussions to raise about $260 million in fresh funding, a deal that could push the company’s valuation close to $2 billion, claims Bloomberg.
According to people familiar with the matter, Menlo Ventures is expected to lead the financing round.
The funding marks another sharp rise for the startup, which was valued at $700 million in November. Wispr has already raised around $81 million to date from investors, including Notable Capital and Flight Fund, as demand grows for voice-based software designed to replace traditional typing.
Founded in 2021 by Tanay Kothari and Sahaj Garg, the San Francisco-based company developed Wispr Flow, a voice dictation platform focused on making speech-to-text faster, more accurate, and more natural for everyday work.
Wispr initially experimented with wearable hardware before pivoting fully toward voice software. The company’s current products are designed for developers, enterprise teams, and professionals who increasingly rely on conversational computing tools to generate prompts, code, notes, and messages through speech rather than keyboards.
The platform combines in-house models with technology from leading research labs to improve speech recognition, formatting, editing, and contextual understanding. Unlike traditional dictation tools, Wispr Flow adapts to individual writing styles, automatically removes filler words, formats sentences, and learns frequently used terms over time.
Its adoption has grown quickly among engineers and technology workers. Employees at companies including Nvidia and Amazon reportedly use the software to interact with coding assistants and workplace tools more efficiently.
Wispr operates in a rapidly expanding market for voice productivity software, competing with companies such as OpenAI, ElevenLabs, Superwhisper, and TalkTastic. Larger technology companies, including Apple and Google, also continue improving native voice assistants and dictation products.
Looking ahead, Wispr is expanding beyond desktop applications into mobile and international markets. The company recently launched Android and iPhone support while increasing its presence in countries including India, where demand for voice-first productivity tools is growing rapidly.
