Deepgram, a real-time voice AI platform powering over 200,000 developers, has closed a $130 million Series C at a $1.3 billion valuation. The round was led by AVP with participation from Alkeon, Tiger, Y Combinator, Twilio, SAP, and university endowments from Stanford, Columbia, and Michigan.
Alongside the funding, Deepgram acquired OfOne, a Y Combinator voice AI startup focused on drive-thru ordering automation. The move strengthens Deepgram's push into the restaurant industry where voice automation is rapidly expanding. The company's platform serves over 1,300 organizations with products including Nova-3 for speech-to-text and Aura-2 for text-to-speech.
Deepgram is opening a Voice AI Collaboration Hub in San Francisco for hands-on sessions, hackathons, and developer meetups. With the voice AI market projected to reach $14-20 billion by 2030, the company plans to use the funds for product expansion, strategic acquisitions, and international growth.