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Wispr Flow raises $30M from Menlo Ventures for its AI-powered dictation app
- Voice AI startups like Wispr Flow are gaining investor attention, with Menlo Ventures leading a $30 million Series A funding round with participation from other investors.
- Startups developing AI-powered tools such as Granola, Read AI, and Fireflies AI have also attracted investments in recent times.
- Wispr Flow, founded by Tanay Kothari, originally focused on creating a device for typing by mouthing words silently, later shifting to software like the Wispr Flow interface.
- The company has raised a total of $56 million to date, with plans to achieve profitability soon.
- The software, available on Mac, Windows, and iOS, has gained popularity among Silicon Valley VCs.
- Menlo Ventures CEO Matt Kraning highlighted Wispr Flow's efficiency in translating digital thoughts and capturing users' speech accurately.
- Wispr Flow has been experiencing user growth of 50% month-over-month, with a diverse user base in terms of geographic and technical backgrounds.
- The app supports dictation in 104 languages, with English being the dominant language.
- The funding will be used to expand the team, develop an Android app, and target enterprise users with personalized AI assistance.
- Wispr Flow aims to evolve into an AI-powered assistant for daily tasks and is collaborating with AI hardware partners for enhanced functionalities.
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