Deepgram Revenue, Valuation, Funding & Investors

Deepgram is valued at $1.3B as of August 2026.

Last Deepgram valuation

$1.3B

Series C · Aug 2026

Last Deepgram funding round

Series C

Amount undisclosed · Aug 2026

Deepgram revenue

$240M

Series C · Jan 2026

Key investors in Deepgram

  • Y Combinator
  • Wing Venture Capital
  • Citi Ventures
  • SAP.iO
  • Tiger Global
  • Madrona

Deepgram Overview

About Deepgram

Deepgram is a San Francisco-based company building real-time AI infrastructure for the Voice AI economy. Its API platform offers customizable speech-to-text, text-to-speech, analytics, and orchestration tools that can be deployed in the cloud, self-hosted, or on-premises, serving over a thousand organizations and hundreds of thousands of developers across use cases spanning sales, marketing, customer support, and consumer applications. Deepgram has transcribed more than a trillion words and offers a Voice Agent API alongside its core speech-recognition models.


Founded

2015

HQ

United StatesUnited States

Status

Privately held

Customer focus

B2B

Revenue model

Usage-based, Subscription

Revenue

$240M (Jan 2026)

Valuation

$1.3B (Aug 2026)

Deepgram Valuation

Deepgram is currently valued at $1.3B, based on its Series C in August 2026.

The round was led by EDBI.

Deepgram's valuation has grown 3.4x from $379M at its Series B in November 2022 to $1.3B in August 2026, across 3 priced rounds.

Deepgram valuation by funding round

Revenue multiple
Deepgram valuation by funding round
DateStageValuationRevenue Multiple
Aug 2026Series C$1.3B-
Jan 2026Series C$1.3B5.4x
Nov 2022Series B$379M1.6x

Deepgram Revenue

Deepgram's latest recorded revenue is $240M, as of its Series C in January 2026. At a $1.3B valuation, that implies a 5.4x revenue multiple.

Revenue moved from $240M in November 2022 to $240M in January 2026, while the revenue multiple moved from 1.6x to 5.4x.

Deepgram revenue by funding round

Deepgram revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jan 2026$240M$1.3B5.4xSeries C
Nov 2022$240M$379M1.6xSeries B

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Deepgram Funding History

Deepgram has raised a total of $229M across 7 funding rounds.

Deepgram's first fundraising round was a $100K seed round in March 2016. The most recent completed round was a Series C in August 2026.

Deepgram funding rounds

Deepgram funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2026Series CEDBI (lead)-$1.3BDeepgram raised $130 million in a Series C extension at a $1.3 billion valuation with EDBI joining as a strategic investor in August 2026. The investment was structured as an extension to Deepgram’s earlier Series C financing and was paired with Deepgram’s plan to establish its Asia-Pacific headquarters in Singapore, with EDBI supporting the company’s regional presence and commercial expansion across APAC. The strategic rationale centers on Deepgram’s growing demand in Asia-Pacific for production-grade Voice AI infrastructure and the company’s intention to deepen regional operations. EDBI is an arm of SG Growth Capital, the investment platform of EDB and Enterprise Singapore, and its participation was tied to Deepgram’s Singapore expansion and broader APAC market development. Deepgram is a real-time AI infrastructure company focused on the Voice AI economy, providing API-based speech technology used by a large base of customers and products worldwide. The company previously raised $130 million in its Series C in January 2026 at a $1.3 billion valuation, and this August 2026 transaction extended that round with new strategic support from Singapore.
Jan 2026Series CAVP (lead); ServiceNow Ventures; Princeville Capital; University of Michigan; Stanford University; SAP; Alumni Ventures; Twilio; Citi Ventures; Madrona; Wing Venture Capital$143M$1.3BDeepgram, a San Francisco-based real-time API platform powering the Voice AI economy, raised $130 million in a Series C funding round on January 13, 2026, at a $1.3 billion post-money valuation. The round was led by AVP, with participation from existing investors including Alkeon, In-Q-Tel, Madrona, Tiger Global, Wing Venture Capital, Y Combinator, and BlackRock-managed funds, as well as new investors such as Alumni Ventures, Princeville Capital, Twilio, ServiceNow Ventures, SAP, Citi Ventures, University of Michigan, Stanford University, and Columbia University. This funding brought Deepgram's total capital raised to over $215 million. The proceeds will accelerate expansion of Deepgram's real-time Voice AI models and API platform, including the launch of 'Powered by Deepgram' for ecosystem adoption, acquisition of YC-backed OfOne for real-time restaurant voice ordering capabilities, international growth particularly in Europe, development of its patent portfolio with new U.S. patents secured in 2025, and establishment of a Voice AI Collaboration Hub in San Francisco for demonstrations and developer events. Deepgram's platform provides customizable speech-to-text, text-to-speech, analytics, and orchestration tools deployable in cloud, self-hosted, or on-premises environments, serving over 1,300 organizations and 200,000 developers. Ahead of the round, Deepgram achieved cash-flow positivity in 2024, grew to 400+ enterprise customers, transcribed more than one trillion words, and launched its Voice Agent API in general availability while expanding Nova-3 speech-to-text to 10 new languages. The company reported strong demand in sales, marketing, customer support, and consumer applications, positioning it amid a wave of voice AI investments including Sesame's $250M Series B and ElevenLabs' $180M Series C. CEO Scott Stephenson noted the raise was opportunistic despite financial independence, driven by inbound interest from strategic investors aligned with voice AI's technical demands and enterprise adoption.
Nov 2022Series BAlkeon Capital (lead); Madrona (lead); NVIDIA; Y Combinator; BlackRock; Tiger Global; Citi Ventures; SAP.iO; IQT; Wing Venture Capital$47M$379MDeepgram is an AI speech recognition and understanding platform providing real-time speech-to-text, transcription, and advanced capabilities like summarization, sentiment analysis, and custom model training for enterprises. The company announced a $47 million equity funding extension on November 29, 2022, led by Madrona with participation from Alkeon Capital, Citi Ventures, and prior investors including Tiger Global, completing a Series B round totaling $72 million, the largest known Series B in automatic speech recognition. This brought Deepgram's total funding at the time to around $86 million. The round matched the investors specified: Alkeon Capital, Blackrock Enhanced (potentially via managed funds), Citi Ventures, IQT (In-Q-Tel), Madrona, NVIDIA (prior), SAP.iO, Tiger Global, Wing Venture Capital, and Y Combinator. Deepgram had strong traction, having transcribed over 1 trillion words from 10,000+ years of audio data since launch, serving customers like NASA, Spotify, and Citi. Funds were allocated to R&D in emotion detection, intent recognition, summarization, topic detection, translation, and redaction. The company's developer-first API approach aimed to democratize high-accuracy, affordable speech AI. A later Series C in January 2026 raised $130 million at $1.3 billion valuation with many overlapping investors but led by AVP, indicating subsequent growth.
Feb 2021Series BTiger Global (lead); Citi Ventures; SAP.iO; Bossa Invest; Wing Venture Capital$25M-Deepgram is a San Francisco-based voice AI platform providing real-time speech-to-text, text-to-speech, and voice agent APIs for developers and enterprises. On February 3, 2021, it raised $25 million in its Series B funding round led by Tiger Global, with participation from Citi Ventures and Wing Venture Capital. This followed earlier rounds including a $5.1 million Series A in March 2020 with Wing VC and SAP.iO, and a $7 million Series A extension in June 2020 with In-Q-Tel and Wing VC. The 2021 Series B round size was approximately $25 million initially, with later extensions including a Series B1 in October 2021 led by Madrona Venture Group and a $47 million Series B extension in November 2022 also led by Madrona with Alkeon, BlackRock, and Tiger Global, valuing it at $200-333 million. Deepgram continued its growth trajectory, reaching over $215 million in total funding by its Series C in January 2026, where it raised $130 million at a $1.3 billion valuation led by AVP, with participation from Tiger Global, Wing, Citi Ventures, SAP, and others. By 2024, it reported $21.8 million in revenue and achieved cashflow positivity in 2025. The company serves over 1,300 organizations and focuses on applications in customer service, healthcare, media analytics, and real-time voice automation.
Mar 2020Series AWing Venture Capital (lead); Compound; Y Combinator; SAP.iO$12M-Deepgram raised $5.1 million in a Series A funding round on March 18, 2020, led by Wing Venture Capital with participation from SAP.iO and Nvidia. This followed a $120K seed round from Y Combinator in 2016 and a $1.8M seed extension in 2018 from Nvidia GPU Ventures. The company develops a voice AI platform offering real-time speech-to-text, text-to-speech, and voice agent APIs for developers and enterprises.
Sep 2016SeedCompound (lead); Y Combinator (lead); Fenox Venture Capital; Zillionize; Four Cities Capital; Ludlow Ventures; 1517 Fund$2M--
Mar 2016SeedY Combinator (lead); Pegasus Tech Ventures$100K--

Who has invested in Deepgram?

27 investors have backed Deepgram across its funding rounds, including Y Combinator, Wing Venture Capital, Citi Ventures, SAP.iO, Tiger Global and Madrona.

Lead investors include EDBI, AVP, Alkeon Capital, Madrona, Tiger Global and 3 other investors.


Deepgram Investors

Investors in Deepgram by funding rounds participated
InvestorHQRoundsRoleFirst check
Y CombinatorUnited StatesSan Francisco, CA4LeadMar 2016
Wing Venture CapitalUnited StatesSan Francisco, CA4LeadMar 2020
Citi VenturesUnited StatesSan Francisco, CA3ParticipantFeb 2021
SAP.iOUnited StatesSan Francisco, CA3ParticipantMar 2020
CompoundUnited StatesNew York City, NY2LeadSep 2016
Tiger GlobalUnited StatesNew York City, NY2LeadFeb 2021
MadronaUnited StatesSeattle, WA2LeadNov 2022
NVIDIAUnited StatesSan Jose, CA1ParticipantNov 2022
Fenox Venture CapitalCosta RicaSan Salvador1ParticipantSep 2016
ServiceNow VenturesUnited StatesUnited States1ParticipantJan 2026
ZillionizeUnited StatesSan Francisco, CA1ParticipantSep 2016
AVPFranceParis1LeadJan 2026
Four Cities CapitalUnited StatesBoston, MA1ParticipantSep 2016

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Acquisitions by Deepgram

Deepgram has acquired 1 company to date.

Last acquisition by Deepgram was on January 13th 2026. Deepgram acquired OfOne for undisclosed valuation.


Latest Acquisitions by Deepgram

OfOne
Description
OfOne is an AI-powered drive-thru system for restaurants that automates order taking, payments, and fulfillment to cut labor costs. It employs voice recognition and dynamic menu recommendations for faster service. Headquartered in Miami, Florida, OfOne integrates with POS systems like Toast and Square. Founded in 2023, the system operates at over 200 quick-service locations across the United States.
HQ CountryUnited States
HQ City
San Francisco, CA
Deal Date13 Jan 2026
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Deepgram Competitors

Deepgram competitors include listed companies like C3.ai and Railtown AI Technologies, and private ones like Blitzy, Emergent, Hasura and LMArena.

Public and private companies comparable to Deepgram
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
BlitzyUnited StatesBoston, MAPrivate--$1.4B-
EmergentUnited StatesSan Francisco, CAPrivate$120M-$1.5B12.5x
HasuraIndiaBangalorePrivate--$1B-
LMArenaUnited StatesSan Francisco, CAPrivate$30M-$1.7B56.7x
C3.aiUnited StatesUnited StatesPublicly listed$250M($484M)$1.7B4.5x
Railtown AI TechnologiesCanadaCanadaPublicly listed-($4M)$46M-

Deepgram Public Comps

Deepgram is still privately-owned, but its public comps include Fractal Analytics, PCITECH, Appier Group, Rackspace, Qt Group, Rezolve AI, TRS Information Technology, Progress Software, Beijing CTJ Info Tech and Wenge AI.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Fractal Analytics$344M$50M3.7x3.4x25.8x21.0x
PCITECH$1.5B$53M0.8x0.9x24.1x-
Appier Group$281M$44M3.4x2.9x21.6x15.7x
Rackspace$2.7B$244M1.5x1.6x17.1x15.0x
Qt Group$249M$62M4.3x3.9x17.3x16.0x
Rezolve AI$47M($109M)23.3x4.0x(10.0x)(19.3x)
TRS Information Technology$76M($20M)19.3x19.7x(73.5x)478.8x
Progress Software$978M$302M3.0x2.9x9.6x7.3x

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Common questions about Deepgram

When was Deepgram founded?Deepgram was founded in 2015.
Where is Deepgram headquartered?Deepgram is headquartered in United States.
Is Deepgram publicly listed?No, Deepgram is a private, VC-backed company.
What is Deepgram's valuation?Deepgram was last valued at $1.3B in its Series C in August 2026.
How much funding has Deepgram raised?Deepgram has raised $229M across 7 funding rounds.
What was Deepgram's last funding round?Deepgram's last funding round was a Series C in August 2026, led by EDBI.
Who are Deepgram's investors?Deepgram's investors include Y Combinator, Wing Venture Capital, Citi Ventures, SAP.iO, Compound, Tiger Global, Madrona, NVIDIA, Fenox Venture Capital, ServiceNow Ventures and 17 others.
What is Deepgram's revenue?Deepgram's latest recorded revenue is $240M (January 2026).
What is Deepgram's revenue multiple?Deepgram's latest valuation implies a 5.4x revenue multiple ($1.3B valuation on $240M of revenue).
Which companies are comparable to Deepgram?Companies comparable to Deepgram include Blitzy, Emergent, Hasura, LMArena, C3.ai and Railtown AI Technologies.
How many companies has Deepgram acquired?Deepgram has acquired 1 company, including OfOne.

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