# Deepgram

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/deepgram

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.deepgram.com
- Total disclosed funding: $210M
- Latest round: Series C (Dec 5, 2025)
- Investors on record: 20

## About

Based in the US, Deepgram, Inc. operates as a provider of advanced voice AI solutions, focusing on transforming voice interactions with high-accuracy speech-to-text and text-to-speech technologies.Deepgram, Inc. specializes in voice AI solutions, offering advanced speech recognition and processing capabilities. Founded in 2015 in San Francisco, California, the company has completed 7 funding deals with its latest Series B round in November 2022, raising USD 30.00 mn led by Madrona Venture Group. Scott Stephenson serves as both the CEO and Founder of the company, which has experienced no significant pivots in its business strategy since inception.Deepgram's primary offerings revolve around advanced voice AI solutions, which include APIs for speech-to-text (STT), text-to-speech (TTS), and fully functional speech-to-speech voice agents. The platform is designed to enhance voice interactions by providing tools that enable natural-sounding conversations between humans and machines. Deepgram's STT technology allows for high-accuracy transcription of audio, catering to various industries, including healthcare, customer service, and media transcription. The TTS service provides responsive, humanlike voice outputs, and the voice agent APIs facilitate real-time, intelligent conversations. With a user base exceeding 200,000 developers, the platform serves a diverse range of clients across several geographical markets, including North America, Europe, and Asia-Pacific, seeking to integrate voice AI into their applications and services.Deepgram generates revenue through a subscription-based model, allowing clients to access its suite of voice AI tools via various pricing plans. The structure typically involves direct transactions with businesses, where clients pay for the usage of specific APIs based on their volume of audio processed or features utilized. The company’s offerings, which include its flagship STT and TTS services, are tied to usage metrics, with clients billed according to the amount of transcription or speech synthesis they require. Clients range from B2B enterprises to SaaS companies, who leverage Deepgram's technology to improve customer interactions and operational efficiency. Specific pricing details for these services are not disclosed.In November 2022, Deepgram, Inc. raised USD 30.00 mn in Series B funding led by Madrona Venture Group, with participation from NVIDIA Corporation and Alkeon Capital Management. The company plans to use this funding to support its business and expand internationally. Future initiatives include developing new voice AI products and targeting expansion into new geographic regions, though specific details on new product launches and targeted markets have yet to be provided. In January 2026, Deepgram, Inc. raised USD 130 million in series C funding led by AVP Ventures, with participation from Alumni Ventures Group, Columbia University, Princeville Capital, SAP, Twilio Ventures, Alkeon Capital Management, In-Q-Tel, Madrona Venture Group, Tiger Global Management, Wing, and Y Combinator. The company will use the funding to expand its global reach, improve support for more languages, and develop voice tools for restaurant ordering following its purchase of a startup in that sector.

## Funding rounds

- Series C, Dec 5, 2025, $143M — SAP, Madrona Venture Group, Columbia University, Tiger Global Management, Alkeon Capital Management, In-Q-Tel, BlackRock, Y Combinator, Citi Ventures, Wing, Alumni Ventures Group, ServiceNow Ventures, Princeville Capital, University of Michigan, Twilio Ventures, AVP Ventures
- Series B, Nov 22, 2022, $30M — Madrona Venture Group, Tiger Global Management, NVIDIA Corporation, Alkeon Capital Management, Citi Ventures, Wing, SAP.iO
- Series B, Feb 3, 2021, $25M — Tiger Global Management, Citi Ventures, Wing, Nventures, SAP.iO
- Series A, Mar 18, 2020, $12M — Y Combinator, Wing, Nventures, SAP.iO
- Seed, Nov 21, 2015, $0.1M — Y Combinator, Zillionize Angel

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A, Series C
- Zillionize Angel (https://capitalatlas.ai/funds/zillionize-angel) — Seed
- Wing (https://capitalatlas.ai/funds/wing) — Series A, Series B, Series C
- Nventures — Series A, Series B
- SAP.iO — Series A, Series B
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B, Series C
- Citi Ventures (https://capitalatlas.ai/funds/citi-ventures) — Series B, Series C
- Madrona Venture Group (https://capitalatlas.ai/funds/madrona-venture-group) — Series B, Series C
- NVIDIA Corporation — Series B
- Alkeon Capital Management (https://capitalatlas.ai/funds/alkeon-capital-management) — Series B, Series C
- SAP — Series C
- Columbia University — Series C
- In-Q-Tel (https://capitalatlas.ai/funds/in-q-tel) — Series C
- BlackRock (https://capitalatlas.ai/funds/blackrock) — Series C
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series C
- ServiceNow Ventures (https://capitalatlas.ai/funds/servicenow-ventures) — Series C
- Princeville Capital (https://capitalatlas.ai/funds/princeville-capital) — Series C
- University of Michigan — Series C
- Twilio Ventures (https://capitalatlas.ai/funds/twilio-ventures) — Series C
- AVP Ventures (https://capitalatlas.ai/funds/avp-ventures) — Series C