# Descript

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/descript

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.descript.com
- Total disclosed funding: $101M
- Latest round: Series C (Nov 10, 2022)
- Investors on record: 4

## About

Descript, Inc. is a media technology company based in the US, specializing in AI-driven tools for seamless video and audio editing, simplifying content creation for various users including marketers and educators.Descript, Inc. was founded in 2017 by Adrien Crozat, Alexandre De Brebisson, and Marc Hervier in San Francisco, US. The company has undergone a pivot towards advanced AI integration in its product offering. Descript has engaged in 4 deals, with its most recent funding round occurring on November 10, 2022, where it raised USD 50.59 mn in a Series C round led by OpenAI Startup Fund Management, with participation from Andreessen Horowitz, Redpoint Ventures, and Spark Capital. The total amount raised by the company to date is USD 50.59 mn, and its current valuation stands at USD 495.36 mn.Descript specializes in innovative media editing tools designed to simplify video and podcast creation through advanced AI features. Its core product offerings include a text-based video and audio editing platform that allows users to edit content as easily as modifying a document. The platform integrates functionalities such as automatic transcription, multitrack audio editing, screen recording, and AI-driven features like voice cloning and background removal. Descript serves a diverse customer base, including marketers, educators, and content creators, seeking to enhance their media production capabilities. The company's products are utilized across various geographical markets, prominently in North America, Europe, and Asia, addressing the needs of users looking for efficient and accessible video and audio editing solutions.Descript operates on a subscription-based revenue model, offering multiple pricing tiers to cater to a range of users, from individual creators to enterprises. The primary pricing plans include the Free tier, which allows limited access to services, the Hobbyist plan at USD 16 per month, and the Creator plan at USD 24 per month, each providing varying levels of transcription hours, export quality, and access to advanced AI features. Through these subscription structures, users engage with Descript's offerings directly, facilitating transactions that enable continued access to its editing tools and resources. The company’s flagship services are centered around video and podcast production, leveraging its proprietary technology to streamline the content creation process for its clients across various industries.In November 2022, Descript, Inc. raised USD 50.59 mn in Series C funding to enhance its Artificial Intelligence integration offerings. The company plans to expand its product line with new AI-driven features aimed at improving user experience and efficiency. Descript is also targeting international markets for expansion, specifically focusing on increasing its presence in Asia and Europe by mid-2024.

## Funding rounds

- Series C, Nov 10, 2022, $51M — Redpoint Ventures, Spark Capital, Andreessen Horowitz, Openai Startup Fund Management
- Series B, Jan 12, 2021, $30M — Redpoint Ventures, Spark Capital, Andreessen Horowitz
- Series A, Sep 18, 2019, $15M — Redpoint Ventures, Andreessen Horowitz
- Seed, Dec 5, 2017, $5M — Andreessen Horowitz

## Investors

- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Seed, Series A, Series B, Series C
- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Series A, Series B, Series C
- Spark Capital — Series B, Series C
- Openai Startup Fund Management (https://capitalatlas.ai/funds/openai-startup-fund-management) — Series C