Diligence memo · auto-generated · as of July 2, 2026
Deepgram, Inc.
Deepgram, Inc. looks fair against its niche peers and is active on financing cadence.
Businessfiled
Deepgram, Inc. operates in Media & Content, based in SAN FRANCISCO, CA, USA; Remote. Building foundational AI for speech transcription and understanding.
Sub-sector tags: AI, AI-Enhanced Learning, API, ai/ml, media/content.
Capital & rounds (filed)filed
Deepgram, Inc. has raised $215M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $143M on 2025-12-05.
Most recent recorded round closed around 2025-12-05.
Valuation (modeled)modeled
Provath models Deepgram, Inc. at approximately $994M (range $730M–$1.2B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.18× the median modeled value of Series D+ Media & Content companies in 2025–2027 (5 peers) — value vs value, same stage and era. Within the normal band (118% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 20 months.
Last raise 7 mo ago; this sector typically re-raises about every 12 months.
Raising on or ahead of the sector's normal rhythm.
The last round stepped up 4.8× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 99% of Media & Content peers (1052 compared).
Modeled value ranks above 98% of those peers.
Closest niche peers: Lawyers Entertainment Consortium, LP, Techtonic Media Entertainment Group Inc, Base Boy Entertainment Network Inc, Veeam Software Holding Inc..
Peoplefiled
5 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.