Wispr announced on August 17, 2026 that it raised $280 million in Series B funding at a $2 billion valuation, led by Menlo Ventures. The round brings total capital raised to $361 million.

Existing investors Notable Capital, NEA, Neo Ventures, 8VC, and MVP Ventures participated. New backers include Acrew, Activate, Forerunner, Goodwater, Peak XV, Together Fund, and PLUS Capital, along with a group of athletes and cultural figures named in the company post.

Accuracy as the product

CEO Tanay Kothari said the first and largest use of the capital is accuracy, arguing that when voice writes important messages and work documents, a wrong word breaks trust. Alongside the raise, Wispr previewed Canto, its first proprietary speech model built for cars, streets, open offices, accents, and code-switching.

In the hardest noisy conditions, Wispr said word error rates fall from more than 30% to between 5% and 10%, and that everyday use should cut the share of dictations needing edits by 30% to 35%. The company said people have written more than 60 billion words with Flow, with usage across almost all Fortune 500 companies and more than 10,000 enterprises. Flow Notetaker, launched the prior week, extends the same stack from dictation into meetings.

Decoded Take

Wispr is pricing itself like infrastructure for human-computer interaction, not a dictation utility. Menlo’s lead and the $2 billion mark imply a bet that voice becomes a default input layer under apps and devices. The metric to watch is the company’s “zero edit rate,” not download counts. If Canto closes the noisy-room gap, Wispr can expand into meetings and agent interfaces. If accuracy stalls, the raise mostly buys compute and distribution while users keep reaching for the keyboard.