May 27, 2020

Deepgram- $12 Million

San Francisco, CA ; 03/18/2020

Amount Funded: $12 Million

Type: Series A

Lead Investor: Wing VC

Participating Investor(s):  NVIDIA, Y Combinator, Compund, SAP.io

Company Description: From the Deepgram website:

“We’ve rebuilt the entire speech processing stack. We’ve scrapped the traditional, hand-engineered speech processing pipeline systems that our competitors offer. We’ve replaced heuristics and stats-based speech processing with fully end-to-end deep learning that uses an optimized CNN/RNN hybrid model trained on GPUs.
This approach gives us the flexibility and capacity to train speech models specific to each customer.”

What funding will be used for:  Continued expansion of product customer base

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Data provided by respective company (unless otherwise noted) and researched by StartupsOne for accuracy.

 

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