Deepgram, a San Francisco, CA-based real-time API platform powering the Voice AI economy, has raised $130 million in a Series C round at a $1.3 billion valuation.
Investors
The round was led by AVP, with participation from existing investors including Alkeon, In-Q-Tel, Madrona, Tiger, Wing, Y Combinator, BlackRock-managed funds, and new investors such as Alumni Ventures, Princeville Capital, Twilio, ServiceNow Ventures, SAP, and Citi Ventures.
AVP is an independent global investment platform dedicated to high-growth tech companies—ranging from deep-tech to tech-enabled—across Europe and North America, managing over €2.5 billion in assets across four investment strategies: venture, early growth, growth, and fund of funds. Its multi-stage platform combines global research with local execution to drive investment. Since its founding in 2016, AVP has invested in more than 60 technology companies and over 60 funds via its Fund of Funds strategy.
Deepgram Use of Funds
The funding will accelerate the company’s Voice AI platform, support the launch of Powered by Deepgram, enable the acquisition of OfOne, expand Deepgram’s patent portfolio, and establish a new Voice AI Collaboration Hub in San Francisco.
About Deepgram
Deepgram is a B2B SaaS company specializing in automatic speech recognition (ASR) technology. Its Voice AI platform provides speech-to-text (STT), text-to-speech (TTS), and full speech-to-speech (STS) capabilities. Over 200,000 developers build with Deepgram’s voice-native foundational models, accessed via cloud APIs or self-hosted/on-premises APIs. Serving more than 1,300 organizations, Deepgram’s products include models like Aura-2, Nova-3, Flux, and its Voice Agent API, designed for high accuracy, low latency, and scalable real-time applications.
Funding Details
Company: Deepgram, Inc.
Raised: $130.0M
Round: Series C
Funding Date: January 2026
Lead Investor: AVP
Additional Investors: Alkeon, In-Q-Tel, Madrona, Tiger, Wing, Y Combinator, BlackRock-managed funds, Alumni Ventures, Princeville Capital, Twilio, ServiceNow Ventures, SAP, Citi Ventures, University of Michigan, Columbia University
Company Website: https://www.deepgram.com/
Software Category: AI / Voice AI / Speech Recognition (SaaS)
Source: https://www.businesswire.com/news/home/20260113406092/en/