Usage of voice AI in sales, marketing, customer support, and consumer applications has shot up in the last few years. As a result, model providers have seen increased business, along with investor interest. On the back of this demand, today, Deepgram said that it has raised $130 million in a Series C round led by AVP at a $1.3 billion valuation. The round also saw existing investors such as Alkeon, In-Q-Tel, Madrona, Tiger, Wing, and Y Combinator put in more money. Plus, new investors like Alumni Ventures, Columbia University, Princeville Capital, Twilio, and SAP joined the round. The company has raised over $215 million in funding to date. The startup's raise continues the trend of sizable funding rounds in voice AI last year, including Sesame's $250 million Series B, ElevenLab's $180 million Series C, and Gradium's $70 million seed round. Elizabeth de Saint-Aignan, a partner at AVP, told TechCrunch that when the fund was talking to enterprises about how they were using AI, voice...
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