Expansion Funds for Speech Recognition Firm Deepgram

In the US, speech recognition specialist Deepgram has raised $12m in a Series A round of funding, which it will use to expand both its team and its technology. The firm has also added two new features to its platform.

San Francisco-based Deepgram helps enterprises unlock the potential of their audio data with custom trained speech recognition. The firm offers a machine transcription platform which can be used to upload audio content and receive searchable text in return. Users can determine the topic of conversation, what has been said, sentiment and what language is being spoken. The firm has also introduced 'Real-Time Streaming' to help customers analyze and transcribe speech as words are being spoken; and 'On-Premises Deployment', delivering the same capability as the Deepgram cloud, while allowing enterprises to manage the solution on-premises.

New funding has been led by Wing VC, with participation from NVIDIA, Y Combinator, Compound and SAP.iO. Scott Stephenson (pictured), CEO of Deepgram, comments: 'The speech recognition opportunity is huge, and the endorsement from these amazing investors validates that we have the team, technology and vision to crack it. We strive to become the de facto speech company by unlocking valuable voice data for our customers, giving them a competitive advantage in their industry. This round is going to help us do just that'.

Web site: www.deepgram.com .