Why We Invested · AVP
Investment thesis
Deepgram is building the foundational infrastructure layer for Voice AI, equivalent to Stripe in payments or Intel in CPUs.
Deepgram is building the equivalent infrastructure layer for Voice AI.
Why the firm invested
AVP invested in Deepgram because it delivers an accurate real-time Voice AI platform as human-AI interaction shifts from text to voice.
At AVP, we chose to invest in Deepgram because they’re delivering the world’s most accurate and real-time Voice AI platform, because human interaction with AI is shifting from text to voice
Product
Deepgram's Nova-3 is a real-time enterprise speech-to-text model recognized for high accuracy and reliability.
Nova-3, a real-time enterprise speech-to-text model recognized for industry-leading accuracy and reliability
Deepgram's models can be deployed via managed cloud APIs, private environments (VPC), or on-premises.
Models can be deployed via managed cloud APIs, in a private environment (VPC), or on-premises
Traction
Deepgram provides foundation models, APIs, and Voice AI infrastructure for over 1,300 organizations.
It delivers the foundation models, API platform, and infrastructure that underpins real-time, accurate, and reliable speech understanding, speech generation, and fully autonomous voice agents for over 1,300 organizations.
Prominent companies including Cloudflare, Twilio, Decagon, Sierra, and Cresta build on Deepgram's platform.
Deepgram’s excellence on both dimensions is why companies including Cloudflare, Twilio, Decagon, Sierra, and Cresta, are building on Deepgram’s platform.
Team
Deepgram possesses high-performing frontier research, pragmatic product, and customer-trusted go-to-market teams.
We rarely see companies that are so perfectly situated for a massive market opportunity – with explosive growth in Voice AI, a highly capable and innovative frontier research team, a pragmatic and skilled product team, and a go-to-market team that earns customer trust.
Investment context
AVP led Deepgram's $130 million Series C funding round alongside existing and new investors.
We’re incredibly excited to lead Deepgram’s $130m Series C round, joined by several existing and new investors including Alkeon, Alumni Ventures, funds & accounts managed by BlackRock, Citi Ventures, Columbia University, In-Q-Tel, Madrona, Princeville Capital, Tiger, University of Michigan
What founders can learn
- What actually moved the decision: AVP wrote that AVP invested in Deepgram because it delivers an accurate real-time Voice AI platform as human-AI interaction shifts from text to voice.
- The traction evidence that carried weight: AVP wrote that Deepgram provides foundation models, APIs, and Voice AI infrastructure for over 1,300 organizations.
- How the team was judged: AVP wrote that Deepgram possesses high-performing frontier research, pragmatic product, and customer-trusted go-to-market teams.
Source and provenance
Why We Invested published by AVP on avpcap.com (first-party source). Read the original
