Deepgram raises $130M at $1.3B valuation and buys a YC AI startup
Deepgram secured $130 million in Series C funding at a $1.3 billion valuation and acquired YC-backed Ofone.Summary
Voice AI provider Deepgram has raised $130 million in a Series C funding round led by AVP, achieving a $1.3 billion valuation. Existing investors like Y Combinator and new investors participated, bringing the company's total funding to over $215 million. CEO Scott Stephenson stated the company was already cashflow positive but raised funds to accelerate growth, expand globally, support more languages, and invest sooner in potential market pull.
To bolster its focus on the restaurant sector, Deepgram also acquired Ofone, a YC-backed startup specializing in voice AI-powered solutions for quick-service restaurants, boasting over 93% order accuracy. Stephenson sees food ordering as a key area for positive consumer interaction with voice AI. The funding aligns with significant investment trends in the voice AI sector, which analysts project will grow substantially by 2030.
(Source：TechCrunch)