About Descript
Descript is a company based in San Francisco (United States) founded in 2017 by Andrew Mason. Descript has raised $100.59 million across 4 funding rounds from investors including OpenAI, Andreessen Horowitz and Redpoint Ventures. Descript has completed 2 acquisitions, including Lyrebird and SquadCast. Descript offers products and services including Video Editor, Podcasting Tool, Transcription Service, and AI Avatars. Descript operates in a competitive market with competitors including Otter.ai, Deepgram, Wondershare, Verbit and Animoto, among others.
- Headquarter San Francisco, United States
- Founders Andrew Mason
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Media & EntertainmentTechnology
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- Legal Name Descript, Inc.
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Products & Services of Descript
Descript offers a comprehensive portfolio of products and services, including Video Editor, Podcasting Tool, Transcription Service, and AI Avatars.
Enables text-based editing of videos with AI enhancements.
Facilitates multitrack audio editing like text documents.
Automatically transcribes audio with high accuracy.
Creates custom avatars for video content.
People of Descript
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Funding Insights of Descript
Descript has successfully raised a total of $100.59M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $50.59 million completed in November 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Descript
Descript has secured backing from 26 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include OpenAI, Andreessen Horowitz and Redpoint Ventures.
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Redpoint Ventures is engaged in venture capital investments.
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Spark Capital is engaged in venture capital investments.
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Investor details for Descript
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Investments & Acquisitions by Descript
Descript has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Lyrebird and SquadCast.
Investment portfolio details for Descript
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Speech synthesis from audio clips is enabled for developers.
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High-quality remote audio for podcasts is enabled via a platform.
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Complete acquisition details for Descript
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Financial Statements - Descript
Detailed financials for Descript
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Descript Comparisons
Peer comparison for Descript
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Competitors of Descript
Descript operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Otter.ai, Deepgram, Wondershare, Verbit and Animoto, among others.
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AI-based voice transcription for meetings is provided via cloud software.
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AI-based speech transcription software is provided using deep learning models.
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Developer of software for video editing, PDF management, and data recovery
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Speech recognition applications are developed via cloud-based AI platform.
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Cloud-based video editing platform for enterprises
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Video creation, interactive elements, and hosting software are provided.
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Detailed competitors of Descript
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Latest news on Descript
Complete news archive for Descript
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Frequently Asked Questions about Descript
Descript was founded in 2017.
Descript is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Andrew Mason is the current CEO of Descript. They have also founded this company.
Descript is a funded company, having raised a total of $100.59M across 4 funding rounds to date.
Descript was established in 2017 in San Francisco, United States, within the speech recognition and transcription sector. Automated and manual services for transcribing audio and video files are offered, enabling quick processing through advanced technology. Transcripts can be corrected manually, with audio adjustments made inversely via text editing. Collaboration features, including comments, are included for team use. Human transcription is billed per minute.
Descript offers Video Editor, Podcasting Tool, Transcription Service, and AI Avatars.
Descript has 26 investors. Key investors include OpenAI, Andreessen Horowitz, Redpoint Ventures, Spark Capital, and Safe Superintelligence Inc.