Deepgram raises $130M at $1.3B valuation and buys a YC AI startup

Los Angeles: Deepgram just raised $130 million at a $1.3 billion valuation. This funding comes from both old and new investors who believe in voice AI. They plan to use this money to grow their business and help more people use voice technology.

Many businesses have started using voice AI for sales and customer support. Elizabeth de Saint-Aignan from AVP said that when they talked with companies about AI, voice came up a lot. Deepgram is known for its strong voice AI tools that help with making customer experiences better and saving money.

Deepgram has many models for text-to-speech and speech recognition. More than 1,300 companies already use their technology, including Granola and Twilio. The CEO, Scott Stephenson, mentioned they didn’t need the money but wanted to grow faster.

Deepgram is also focusing on helping restaurants with their voice AI services. They bought a startup called OfOne, which makes AI tools for taking food orders. This could make ordering food easier and more fun for many people.

Experts say that the voice AI market is expected to grow a lot in the coming years, making it a big opportunity for Deepgram and other companies in this space.