Via gilricardo.com
The voice-to-text startup is in talks to raise $260 million from Menlo Ventures, nearly tripling its valuation from just months ago.
A startup built on a 10-year-old’s obsession with a fictional AI butler is now worth roughly $2 billion. Wispr AI, the company behind the voice-to-text tool Wispr Flow, is in discussions with Menlo Ventures to raise approximately $260 million at that valuation, a nearly threefold jump from the $700 million it was valued at in November 2025.
From dorm room daydream to enterprise tool #
Wispr was founded in 2021 by Tanay Kothari and Sahaj Garg, both Stanford alumni. Kothari’s origin story traces back to watching Iron Man in 2008, when the JARVIS AI assistant left a bigger impression on him than Tony Stark’s quips. He was 10 at the time, already tinkering with early voice assistant prototypes.
Years later, that fixation turned into Wispr Flow, an AI-powered dictation tool that converts natural speech into clean, formatted text. The software works across Mac, Windows, iOS, and Android, and supports over 100 languages, including Hinglish.
The product has crossed 2.5 million downloads globally, with hundreds of thousands of daily active users. Month-over-month growth has been running at 40-50%.
Prior to the current funding discussions, Wispr had raised about $81 million in total. That included a $30 million Series A in June 2025 and a follow-on $25 million round in November 2025. If the Menlo Ventures-led round closes at the reported terms, the company will have raised north of $340 million in aggregate.
Enterprise traction tells the real story #
Wispr Flow has found its way into more than 270 Fortune 500 companies, including developers at Nvidia and Amazon.
The company recently expanded beyond pure dictation with the launch of its Notetaker feature, which generates meeting transcripts and summaries. It puts Wispr in direct competition with a crowded field of meeting intelligence tools like Otter.ai, Fireflies, and even native features baked into Microsoft Teams and Google Meet.
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