Deepgram raises $130m at $1.3bn valuation for voice AI growth

Deepgram, a San Francisco-based dependable AI company, has secured $130m successful Series C funding, raising its valuation to $1.3bn.

The latest concern circular saw information from AVP arsenic the pb investor, with engagement from caller backers specified arsenic Alumni Ventures, Princeville Capital, and Citi Ventures.

Existing investors including Tiger Global, In-Q-Tel, Madrona, Alkeon, Y Combinator, Wing, and BlackRock-managed funds besides contributed.

The University of Michigan and Columbia University person besides made investments, joining different existing world investors similar Stanford University.

Deepgram provides AI models and infrastructure for enterprises and developers to physique and run customized dependable agents susceptible of managing real-time and context-aware conversations astatine scale.

Its exertion presently supports implicit 50 languages and is utilised by much than 1,300 organisations globally done its API platform. Its lawsuit database includes NASA and Amazon Web Services.

The level underpins lawsuit work AI tools crossed industries specified arsenic retail, fiscal technology, and healthcare.

Deepgram CEO and co-founder Scott Stephenson said: “As we rapidly attack a satellite wherever billions of simultaneous conversations are powered by Voice AI, enterprises and developers request real-time, reliable infrastructure susceptible of afloat duplex, contextual conversations astatine standard – this is Deepgram.

“We are pleased to invited AVP and our caller strategical investors. Together with our existing investors, their condemnation reflects the emergence of the Voice AI system – and Deepgram’s relation successful powering it.”

As portion of its caller enlargement efforts, Deepgram announced the acquisition of OfOne, a dependable AI level designed for edifice drive-thrus.

OfOne’s squad has joined Deepgram to fortify its services successful the quick-service edifice sector.

The institution did not disclose fiscal details regarding the acquisition.

Deepgram for Restaurants wide manager Will Edwards (OfOne erstwhile CEO) said: “We are incredibly arrogant to articulation the Deepgram team. Deepgram has built the astir precocious real-time dependable level successful the world, and it is the cleanable instauration for scaling what we started astatine OfOne.”

Deepgram aims to usage the Series C proceeds to grow its planetary presence, motorboat caller models, and prosecute further acquisitions.

Its suite of products comprises speech-to-text models, text-to-speech systems, conversational code designation exertion adapted for interruptions during dialogue, APIs for endeavor conversational AI deployment, and options for domain-specific exemplary customisation.