Citi Ventures and existing investors SAP.io and Nvidia Inception GPU Ventures backed the speech translation software developer's latest round.
US-based speech recognition technology developer Deepgram received $25m yesterday in a series B round featuring subsidiaries of financial services firm Citi, enterprise software producer SAP and graphics processing unit (GPU) provider Nvidia.
Citi Ventures, SAP.io and Nvidia Inception GPU Ventures joined hedge fund manager Tiger Global Management, which led the round, as well as venture capital firm Wing VC.
Deepgram provides speech recognition software for enterprise customers that analyses the phonetic patterns of speech in order to better contextualise speech-to-text…
