Deepgram raises USD 130 million Series C at USD 1.3B valuation
bolt Executive Summary
- Deepgram announced it has raised USD 130 million in a Series C funding round. New capital will help grow its real-time voice AI platform and build new services.
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Deepgram announced it has raised USD 130 million in a Series C funding round. New capital will help grow its real-time voice AI platform and build new services.
Funding details: USD 130 million (Series C)
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Deepgram, a voice artificial intelligence company based in San Francisco, said it has raised USD 130 million in a Series C funding round valuing it at USD 1.3 billion. The round was led by AVP, a global investment platform focused on fast-growing tech businesses. All major existing backers joined the round, and several new partners also took part in the investment.
Deepgram’s API platform lets developers and enterprises build live voice functions that can hear, speak and understand speech with low delay and strong accuracy. The company says more than 1,300 organisations already use its voice AI tools.
The startup also announced the purchase of OfOne, a voice AI platform originally built for restaurants and drive-thru services. The OfOne team will now help Deepgram build specialised voice AI for hospitality and food service.
Deepgram plans to use the funds to grow its products, expand into new markets, and support partners building voice AI features. As part of its push, it will open a new Voice AI Collaboration Hub in San Francisco.
Executives said the round shows strong belief in voice as a way for people to talk with machines, and will help Deepgram build tools that work more like the human voice.
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