The prominence of online video and podcasts is a conspicuous sign of why audio and video technologies need to improve. To initiate a seamless approach to creating such platforms, Descript has announced to raise of $30M. descript 30m spark capitallundentechcrunch.
The company creates tools that allow creators to audio & video files. They use natural language processing and link content to edit text files. If the latest reports are anything to go by, they have now picked up around $30 million in the Series B round of funding. 30m series capitallundentechcrunch.
In an interview, the company’s founder & CEO, Andrew Mason, stated that the plan is set to use the money to build tools not only for mass-market, amateur creators, and individual professionals. But it also strives to optimize the experience of organizations that may use these tools for in-house audio and video needs. 30m spark capitallundentechcrunch.
Earlier, Descript had early wins by partnering with Pushkin Industries, NPR, VICE, The New York Times, and The Washington Post, besides smaller & more modest outfits. Manson also stated to have witnessed an upsurge in using videos in bigger businesses and startups. They do so to improve their business communication, especially in cases where it makes much sense. descript 30m capitallundentechcrunch.
A few investors and individuals also participated in Series B. Some of them include Alex Blumberg, Devdatta Akhawe, Justine Ezarik, Jack Conte, Jean-Denis Greze, Todd Goldberg, Tobi Lutke, John Lilly, Shishir Mehrotra, Bharat Mediratta, Brian Pokorny, Casey Neistat, Lenny Rachitsky, Raghavendra Prabhu, Jay Simons, Naval Ravikant, Rahul Vohra, Ev Williams, and Jake Shapiro. descript 30m series spark.
The company has identified one thing: an excellent amount of video is only audio content having window dressing. So, Descript’s intention of expanding into a newer realm is a sensible decision, given the popular trend of audio-based podcasting.