Deepgram has raised $130 million in a Series C funding round at a $1.3 billion valuation, led by AVP with participation from major existing and new strategic investors, positioning the company to scale its real-time API platform that underpins the emerging Voice AI economy. The investment will accelerate international expansion, enhance Deepgram’s suite of voice-first AI models and infrastructure to support billions of live, low-latency conversations, grow its patent portfolio, and support strategic initiatives such as building a new Voice AI Collaboration Hub in San Francisco and broadening enterprise offerings. “Much like Stripe delivered the API platform underpinning the payments economy, we believe Deepgram is poised to deliver the API platform underpinning the emerging trillion-dollar B2B Voice AI economy,” said Elizabeth de Saint-Aignan, General Partner at AVP, underscoring the market potential and confidence in Deepgram’s technology.
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Deepgram’s platform now includes industry-leading models such as Aura-2, Nova-3, Flux, the Voice Agent API, and Saga all customizable for domain-specific use cases and accessible via cloud or self-hosted APIs and is already used by more than 1,300 organizations to power everything from real-time speech understanding and generation to fully autonomous voice agents. “As we rapidly approach a world where billions of simultaneous conversations are powered by Voice AI, enterprises and developers need real-time, reliable infrastructure capable of fully duplex, contextual conversations at scale – this is Deepgram,” said Scott Stephenson, CEO and Co-Founder of Deepgram, reflecting the company’s commitment to advancing voice as the original human interface. The company also announced its acquisition of OfOne, an AI-native voice automation platform for restaurants and quick-service drive-thrus, enhancing its vertical capabilities with high-accuracy solutions aimed at improving customer experiences and operational efficiency.
