Descript Raises $50M in Series C Funding
Summary
Descript, a San Francisco, CA-based video and audio editing company, raised $50M in Series C funding. The round was led by OpenAI Startup Fund with participation from Andreessen Horowitz, Redpoint Ventures, Spark Capital and Daniel Gross. The company intends to use the funds to amplify the implementation of AI to combine video, images and text into a new way of creating content. Led by CEO Andrew Mason, Descript offers Scenes – a visual method for making video intuitive. The core features include Overdub, Studio Sound, automatic filler word removal, easy social video clips, subtitles, screen and webcam recording, exporting & publishing, and collaboration.
Funding
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Descript
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Business Intelligence
AskAI Classifications
Labels
SaaS
Video Editing Software
Audio Editing Software
Linked Companies
Descript
$1M to $5M