Deepgram

Deepgram

Speech recognition APIs for audio transcription

About Deepgram

Simplify's Rating
Why Deepgram is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Data & Analytics

AI & Machine Learning

Company Size

51-200

Company Stage

Series B

Total Funding

$100.5M

Headquarters

San Francisco, California

Founded

2015

Overview

Deepgram specializes in artificial intelligence for speech recognition, offering a set of APIs that developers can use to transcribe and understand audio content. Their technology allows clients, ranging from startups to large organizations like NASA, to process millions of audio minutes daily. Deepgram's APIs are designed to be fast, accurate, scalable, and cost-effective, making them suitable for businesses needing to handle large volumes of audio data. The company operates on a pay-per-use model, where clients are charged based on the amount of audio they transcribe, allowing Deepgram to grow its revenue alongside client usage. With a focus on the high-growth market of speech recognition, Deepgram is positioned for future success.

YC Company
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Simplify's Take

What believers are saying

  • Deepgram's partnership with Clarifai enhances AI application development capabilities.
  • The acquisition of Poised expands Deepgram's virtual meeting enhancement capabilities.
  • Nova-3 model launch improves accuracy and customization for industry-specific needs.

What critics are saying

  • xAI's Grok-3 offers superior computational power, posing competitive challenges.
  • Gladia's focus on real-time processing may challenge Deepgram's market position.
  • Integration of Poised may lead to service delivery disruptions.

What makes Deepgram unique

  • Deepgram's APIs offer fast, accurate, and scalable speech recognition solutions.
  • The company provides industry-specific customization for its speech-to-text models.
  • Deepgram's Aura API enables real-time, conversational voice AI interactions.

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Funding

Total Funding

$100.5M

Above

Industry Average

Funded Over

5 Rounds

Notable Investors:
Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$47M
Deepgram
$65M
Substack
$100M
ClickUp

Benefits

Comprehensive Health Plans

FSA Health Matching up to $1,000

Work from Home Ergonomic Stipend

Healthy Food & Snacks in offices

Community Groups

Unlimited Vacation

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

-1%

2 year growth

-4%
Decrypt
Feb 18th, 2025
Musk’S Xai Unveils Grok-3: More Power, But Is It Breaking New Ground?

Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENEGrok-3, developed by Elon Musk’s xAI, was unveiled on Monday, with the company making bold claims about its capabilities while showcasing a massive computing infrastructure that signals even bigger ambitions.The announcement focused heavily on raw computational muscle, benchmark performance, and upcoming features, though many of the actual demonstrations felt like replays of what other AI companies have already achieved.The star of the initial part of the show wasn't the AI itself, but rather "Colossus," a behemoth cluster of 200,000 GPUs that powers Grok-3's training.The system came together in two phases: 122 days of synchronous training on 100,000 GPUs, followed by 92 days of scaling up to the full 200,000. According to the xAI developers, building this infrastructure proved more challenging than developing the AI model itself.The company already has plans for an even more powerful cluster, with Musk saying they are aiming for five times the current capacity, effectively building what would be the most powerful GPU cluster on earth.When it comes to performance, Grok-3 shows impressive results across standard AI benchmarks. The base model (the regular model without Chain of Thought and reasoning embedded) consistently tops the charts in math (AIME), science (GPOA), and coding (LCB) tests.It also seems very promising in blind tests.xAI confirmed that the mysterious model codenamed “Chocolate” was actually an early test version of Grok-3 that was uploaded to the LLM Arena.During those tests, it achieved the best ELO among all the LLMs, meaning users preferred its answers over the generations provided by all the other AI models in direct competition without knowing which model they were evaluating.This is probably the most accurate way to measure quality without giving models any chance to cheat on benchmarks by training their AIs on those datasets. This benchmark is based purely on preference and blind choice by thousands of anonymous users.xAI team shows off Grok 3's benchmark tests during a live presentation. Image: xAIA specialized "Reasoning Beta" variant of Grok-3, which employs internal chain-of-thought processing and additional computing at test time, pushes math scores even higher—reaching 93% on the AIME 2025 benchmark compared to the other best-performing models that rank below 87%.Interestingly, a smaller version called Grok-3 Mini Reasoning Beta sometimes outperforms its larger sibling, thanks to a longer training time.In other words, the full-size Grok-3 still has room for improvement once it receives comparable training duration, which seems promising given its greater parameter count.But when xAI moved to demonstrate Grok-3's capabilities live, the presentation felt more like a game of catch-up than innovation

Pachronicle
Feb 12th, 2025
Deepgram launches improved AI-based voice transcription for enterprises

With the launch today of Nova-3, its most advanced speech-to-text (STT) model to date, Deepgram is looking to offer greater accuracy along with self-service customization to tailor results for industry-specific needs.

TechCrunch
Oct 15th, 2024
Gladia believes real-time processing is the next frontier of audio transcription APIs

Gladia competes with other well-funded companies in the space, such as AssemblyAI, Deepgram and Speechmatics.

MarTech Cube
Sep 20th, 2024
Deepgram's Groundbreaking Voice Agent API Brings AI to Life

Deepgram, the voice AI leader, today announced the newest addition to its platform - the Deepgram Voice Agent API.

EIN News
Jun 11th, 2024
Deepgram Acquires Poised for Voice AI

Deepgram has acquired Poised, including its technology, integrations, and key engineering talent. Poised AI Coach, a tool providing real-time feedback during online meetings on platforms like Zoom and Microsoft Teams, will enhance Deepgram's voice AI capabilities. CEO Scott Stephenson highlighted the acquisition's alignment with Deepgram's vision for voice AI in human-computer interaction, aiming to improve virtual meeting experiences.

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