"That's why, after just raising a $30 million round led by Menlo Ventures in June, the company has now raised an additional $25 million led by Notable Capital with participation from Steven Bartlett's Flight Fund, TechCrunch has learned exclusively. With this influx of capital, the company has raised $81 million in total. Notable's Hans Tung, who has backed companies like Affirm, Airbnb, Slack, Coinbase, Anthropic, and TikTok, is joining Wispr's board as an observer. Wispr's CEO Tanay Kothari said that, since June, Wispr Flow has grown 40% month-over-month."
""We were still not planning to raise anytime soon because we had a really long runway and the team's really lean. But when I heard from Hans and Steven, it made sense to put something together to bring them on," Kothari told TechCrunch. Kothari added that when Notable's team, including investor Chelcie Taylor, presented to him, they had done deep research, interviews with competitors, and had built a strong case about investing in Wispr."
Wispr's dictation app Wispr Flow shows rapid adoption across enterprises and users. The app reached 270 Fortune 500 companies and secured 125 enterprise customers. After three months of usage, the average user composes more than half of their characters via the app. The company raised $30 million in June and an additional $25 million led by Notable Capital, bringing total funding to $81 million. Notable's Hans Tung will join the board as an observer. Since June, Wispr Flow has grown 40% month-over-month, the user base is 100x year-over-year with 70% twelve-month retention, and plans include international expansion, new products, and hiring top machine-learning talent.
Read at TechCrunch
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