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The Economic Times
The Economic Times
Nikhil Patwardhan

Peak XV, Activate in talks to invest in Silicon Valley AI dictation startup Wispr Flow

Activate Peak XV United States ET Stanford ElevenLabs India EMERGENT Menlo Ventures Peak XV Partners

Peak XV Partners and Haptik founder Aakrit Vaish’s AI-focussed investment fund Activate are in talks to participate in Wispr Flow’s new funding round, which is expected to value the San Francisco-based voice dictation startup at $2 billion, people aware of the matter told ET.

Peak XV is discussing an investment of about $15 million in the round that is expected to exceed $250 million, the people said, requesting anonymity as the talks are private. Activate is expected to participate with a $3-5 million cheque through a special purpose vehicle, the same structure it used to back New York-headquarter voice AI company ElevenLabs, they added. ET reported Activate’s investment in ElevenLabs on May 14.

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