SAP.iO Fund, the startup investment arm of SAP SE (NYSE: SAP), has taken a stake in in Deepgram, provider of a high-accuracy automatic speech recognition solution that can be easily trained to understand new language models, accents and speech patterns.
With a new approach to speech recognition, Deepgram’s flexible API architecture enables real-time transcription for customer support, sales engagement and video/phone interviews and makes them searchable. Wing Ventures led the Series A round, which included existing investors Nvidia, Y Combinator and Compound.
