Wispr raised $280mn at $2bn to argue the text box is finished
Wispr has raised $280mn at a $2bn valuation. Menlo Ventures led the round, having led the last one too. Total funding now stands at $361mn.
The company makes Wispr Flow, a dictation app that turns speech into cleaned-up text in whatever application your cursor happens to be in. Reuters reports the previous round valued it at $700mn, in November. That is close to a tripling in nine months.
The pitch is that the model layer is finished
Menlo published its reasoning the same day, and it is unusually blunt.
“The frontier labs have produced superhuman AI intelligences. They have not produced delightful and effective human interfaces,” wrote partner Matt Kraning. He argues the bottleneck has moved from the model to the interface.
He put the commercial version of that to Fortune more directly.
“It isn’t a dictation market. Dictation is how you get in the door,” Kraning said. “The labs...
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