Wispr Flow is building a meeting notetaker

The company's changed terms hint towards a new feature

Wispr Flow is known largely as a transcription/dictation app that lets users speak naturally and get formatted text out. The company is now getting into a new area: meeting note-taking.

The company is set to introduce a meeting note-taker (likely a Granola-style one) in the near future, its changed terms suggest.

The text in the changed terms suggests that the meeting notetaker will transcribe meetings, summarize them, identify speakers, and create notes and action items based on that.

Here is what the changed terms say related to notetaking:

"Notetaker" means Wispr's AI-powered meeting transcription, note-taking, summarization, speaker identification, action item generation, meeting insights, and related meeting assistance features made available through the Services.

The startup is currently testing the tool internally, but there isn’t a fixed timeline for the launch.

There isn’t a dearth of notetakers on the market. There are Granola, Read AI, Fireflies, Fathom, Otter, and Quill. Then there are tons of local, one-time purchase, and open-source notetakers.

With its meeting notetaker, Wispr gets to tell users that instead of paying for transcription and notetaking separately, you can just get one product. Though sometimes, people like an application more if it does one thing well.

Notetaking might be a crucial step for Wispr Flow to be a voice assistant or a full-stack voice company. The startup’s transcription product already learns the way you write emails and messages. With added context from meetings, it can easily create follow-up drafts that are a close resemblance to what you might have written.

Meeting notetaking is a table stakes feature for most productivity apps. It is not hard to plug in a speech-to-text model, transcribe a meeting, and summarize it using LLMs. The North Star for these apps is executives taking action and making decisions based on action items and insights from meeting notetaking. That is a more valuable and sticky asset for startups in the space.

Wispr Flow is valued at $700 million as per the last round. Bloomberg reported that the company is raising a new round at a $2 billion valuation. At that valuation, Wispr would want to be more than just a dictation company.

The startup’s founder, Tanay Kothari, has talked about chasing the vision of Jarvis, Tony Stark’s fictional assistant. That assistant needs to know more about users to execute commands when they talk to it. Context of what users do outside emails and in conversations is important. Meetings are the first step of that ladder to capture additional context for Wispr.