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

Funding and Valuation - Deepgram has secured $130 million in Series C funding, raising its valuation to $1.3 billion [1] - The investment round was led by AVP, with participation from new investors such as Alumni Ventures, Princeville Capital, and Citi Ventures, alongside existing investors like Tiger Global and BlackRock [1] Technology and Applications - Deepgram provides AI models and infrastructure for enterprises and developers to create custom voice agents capable of managing real-time, context-aware conversations at scale [2] - The technology supports over 50 languages and is utilized by more than 1,300 organizations globally, including notable clients like NASA and Amazon Web Services [3] Strategic Expansion - Deepgram has announced the acquisition of OfOne, a voice AI platform for restaurant drive-thrus, to enhance its services in the quick-service restaurant sector [4][5] - The company aims to use the Series C proceeds to expand its international presence, launch new models, and pursue further acquisitions [5] Product Offerings - Deepgram's product suite includes speech-to-text models, text-to-speech systems, conversational speech recognition technology, APIs for enterprise conversational AI deployment, and options for domain-specific model customization [6]