Deepgram has raised USD 130 million in Series C funding at a USD 1.3 billion valuation to power its Voice AI API platform, according to a 13 January 2026 company release. AVP led the round, with strategic participants including Twilio, ServiceNow Ventures, SAP and Citi Ventures.
Investor commentary in the release said: "Much like Stripe delivered the API platform underpinning the payments economy, we believe Deepgram is poised to deliver the API platform underpinning the emerging trillion-dollar B2B Voice AI economy" The raise is framed as accelerating real-time speech infrastructure and a Powered by Deepgram ecosystem. Surrounding materials also reference related M&A around OfOne for restaurant voice automation — attribute that deal only to the PR that names it.
Deepgram sells speech-to-text and voice AI APIs aimed at developers and enterprises building voice-first experiences. Exact revenue, customer counts and latency SLAs in the Series C materials should be read as company-stated.
Platform buyers should demand production benchmarks on their audio domains and clarify data-retention and model-training terms before committing volume.
Figures and customer claims in this piece are those stated by the company or acquirer in the cited materials.