Wispr Hits $2B Valuation With $280M Series B to Challenge AI Meeting Assistants

AI dictation startup Wispr raises $280M at a $2B valuation. Menlo Ventures led the Series B funding, bringing the team's total capital raised to $361M. A new speech model called Canto aims to drop dictation error rates from 30% to under 10%. Wispr isn't staying focused on basic transcription, building meeting note tools that competitors are already battling over. Pure dictation tools hit a sharp monetization ceiling, forcing voice startups to pivot into automated meeting summaries to justify high valuations.