Wispr Secures $280M Series B, Valuation Hits $2B for Canto Model

Wispr closes $280M Series B at $2B valuation to launch Canto voice model, targeting <10% error rates and expansion into India and UK markets.

Woofun AI reports that AI voice platform Wispr has finalized a $280 million Series B financing round, establishing a post-money valuation of $2 billion. Menlo Ventures led the transaction, with participation from existing backers including Notable Capital, NEA, Neo Ventures, 8VC, and MVP Ventures, alongside new entrants Acrew, Forerunner, Goodwater, Peak XV, Together Fund, and PLUS Capital.

The company has accumulated $361 million in total funding to date. Capital deployment will focus on enhancing speech transcription and meeting minute generation capabilities, alongside the introduction of the Canto voice model, which aims to lower error rates from approximately 30% to under 10%. Strategic initiatives also include expanding operations in India and the UK and securing additional hardware partnerships.