Deepgram, a U.S.-based provider of real-time speech-to-text and voice AI infrastructure, has raised $130 million in Series C funding, valuing the company at $1.3 billion and bringing total capital raised to more than $215 million. The round was led by AVP, with participation from existing investors Alkeon, In-Q-Tel, Madrona, Tiger, Wing, Y Combinator, and funds managed by BlackRock, alongside new backers including Alumni Ventures, Princeville Capital, the University of Michigan, and Columbia University.
Founded in 2015, Deepgram develops proprietary AI models that deliver low-latency, multilingual speech recognition and voice agents, including seamless mid-sentence language switching. CEO Scott Stephenson said the new funding will support expansion to more than 100 languages, advance speech perception and generation models, and scale global real-time infrastructure, with growing adoption across regulated sectors such as healthcare and financial services.
Featured image: Credit: Deepgram
