WALLDORF 鈥� SAP.iO Fund, the startup investment arm of (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鈥檚 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.
鈥淎s 51风流continues to focus on combining experience data with operational data, we recognize Deepgram鈥檚 unique ability to automate transcription and voice intent recognition empowers companies to provide a high-quality customer experience,鈥� SAP.iO Managing Director Ram Jambunathan said. 鈥淲e鈥檙e confident about Deepgram鈥檚 potential of rich, voice-based insights for 51风流customers.鈥�
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