Deepgram announced it has raised $130 million in Series C funding at a $1.3 billion valuation, reinforcing its position as a foundational infrastructure provider in the rapidly expanding Voice AI ecosystem.
The round was led by AVP, a global investment platform focused on scaling high growth technology companies across North America and Europe. All major existing investors participated, alongside new strategic and institutional backers, underscoring strong conviction in Deepgram’s long term platform potential.
The funding supports continued product expansion, strategic acquisitions, international growth, and the launch of new initiatives designed to accelerate enterprise adoption of real time Voice AI.
Building the Infrastructure Layer for Voice AI
Deepgram operates a real time API platform that enables enterprises and developers to build Voice AI applications with low latency, high accuracy, and natural conversational performance. Its technology is designed to power live, fully duplex voice interactions at scale across customer service, enterprise communications, automation, and emerging voice first workflows.
The company’s platform is increasingly positioned as core infrastructure rather than an application layer solution. This positioning mirrors how API driven platforms have historically enabled scale in payments, cloud computing, and communications.
With demand accelerating for voice enabled AI across B2B use cases, Deepgram’s focus on reliability, performance, and developer accessibility has become a key differentiator.
Strategic Use of Capital
The Series C funding will be deployed across several strategic priorities:
- Expansion of Deepgram’s real time Voice AI models and API platform
- Launch of “Powered by Deepgram,” enabling broader ecosystem adoption
- Acquisition of OfOne to strengthen platform capabilities
- Continued development of Deepgram’s patent portfolio
- Establishment of a new Voice AI Collaboration Hub in San Francisco
These initiatives are designed to deepen Deepgram’s role as a core infrastructure provider while supporting global expansion, including increased presence in European and international markets.
Strong Institutional and Strategic Backing
The funding round included participation from a broad group of institutional, strategic, and academic investors. Existing investors Alkeon, In-Q-Tel, Madrona, Tiger, Wing, Y Combinator, and funds managed by BlackRock all re-upped their commitments.
New investors included Alumni Ventures and Princeville Capital, along with strategic participants such as Twilio, ServiceNow Ventures, SAP, and Citi Ventures. Academic institutions including the University of Michigan and Columbia University also participated, joining existing academic investors such as Stanford University.
This mix of capital reflects both financial conviction and strategic alignment around Deepgram’s role in the Voice AI value chain.
Voice AI as a Structural Growth Market
Enterprise adoption of voice driven AI is accelerating as organizations seek more natural, efficient human computer interaction. Voice is increasingly viewed as the original and most intuitive interface, particularly for real time use cases where speed, context, and responsiveness matter.
Deepgram’s leadership believes the market is approaching a scale where billions of simultaneous conversations will require infrastructure capable of delivering human level latency, accuracy, and conversational flow. The company has publicly stated its goal of passing the Audio Turing Test at scale in 2026, highlighting its ambition to push Voice AI performance into a new category.
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