The round was led by Madrona, with Alkeon participating as a new investor. Prior investors also participated in the deal. This transaction completes Deepgram's Series B round in which the company raised a total of $72 million, the largest known Series B round in the automatic speech recognition category.

Deepgram's speech AI platform is the foundation for the future of voice technologies. Deepgram builds Speech Recognition for Enterprise. Powered by Deep Learning models, their scalable API reliably translates high-value audio into parsable data with industry leading accuracy.