The round was led by AVP, an independent global investment platform dedicated to high-growth technology companies across Europe and North America.

All major existing investors joined the round, including Alkeon, In-Q-Tel, Madrona, Tiger, Wing, Y Combinator, and funds and accounts managed by BlackRock. Several new investors, including Alumni Ventures and Princeville Capital, invested in the round, in addition to industry leaders such as Twilio, ServiceNow Ventures, SAP, and Citi Ventures. University of Michigan and Columbia University also invested, joining other existing academic investors such as Stanford University.

Deepgram is the real-time API platform underpinning the Voice AI economy. Its Voice AI platform offers speech-to-text (STT), text-to-speech (TTS), and full speech-to-speech (STS) capabilities-all powered by its enterprise-grade runtime. 200,000+ developers build with Deepgram's voice-native foundational models - accessed through cloud APIs or as self-hosted / on-premises APIs - due to its unmatched accuracy, low latency, and pricing. Customers include technology ISVs building voice products or platforms, co-sell partners working with large enterprises, and enterprises solving internal use cases.