Speech recognition startup Deepgram has secured $12 million in Series A funding led by Wing VC, writes TechCrunch. Deepgram leverages deep learning and has already raised a few million in capital in its five-year existence. Other investors that joined the funding round include Nvidia, Y Combinator and SAP. The startup wants to use the investment to create new job opportunities in go-to-market and engineering, and expand its team from its current 40 members to an undisclosed number. It also wants to purchase some new hardware, as it runs its own service for better margins, which also makes it a natural partner for Nvidia.