Aug 17 (Reuters) – AI speech recognition and dictation startup Wispr Flow said on Monday it has raised $280 million in a funding round that valued it at $2 billion.
The series B round was led by long-time investor and partner Menlo Ventures and joined by existing investors Notable Capital, NEA, Neo Ventures, 8VC and MVP Ventures.
New investors include Acrew, Forerunner and Goodwater. The round brings total capital raised to $361 million.
The company also announced a preview of its proprietary speech model, Canto. “We built this model for where people actually use Flow. In the hardest conditions, with background noise, wind, heavy accents or music, error rates fall from more than 30% of words to somewhere between 5 and 10%,” CEO Tanay Kothari said.
(Reporting by Pragyan Kalita in Bengaluru; Editing by Sahal Muhammed)
