Wispr raises $280M at $2B valuation as it looks beyond dictation

Wispr, an AI dictation startup, raised $280 million in Series B funding at a $2 billion valuation, bringing its total funding to $361 million. The company is expanding beyond its core dictation tool into new areas such as meeting note-taking, while also launching a new speech recognition model designed to reduce error rates significantly. This funding comes amid growing competition in the dictation space from multiple other applications, as well as developer-created free and lower-priced alternatives. Wispr is also pursuing partnerships with hardware makers and establishing a new lab to explore different interfaces for human-computer interaction.