Descript

Descript

Verified
Building a platform for creative tools, making audio and video creation as fast, accessible, and collaborative as Google Docs. Learn more

Financials

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Revenues, earnings & profits over time
USD2020202120222023
Revenues0000000000000000
% growth-67 %300 %26 %
EBITDA0000000000000000
Profit0000000000000000
EV / revenue00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x
R&D budget0000000000000000
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DateInvestorsAmountRound
-investor investor

$0.0

round
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$0.0

round
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$0.0

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investor investor investor investor investor investor investor investor investor investor investor investor

$0.0

round
*

$50.0m

Valuation: $550m

Series C
Total Funding000k

Recent News about Descript

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More about Descript
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Descript.com is a startup that operates in the digital content creation market, specifically focusing on video and podcast editing. The company offers a unique, user-friendly platform that allows users to edit their multimedia content as easily as editing a document. This simplicity and ease of use make it an attractive option for a wide range of clients, from individual content creators to businesses looking to streamline their content production process.

Descript's business model is based on providing a free basic service, with additional features and capabilities available for purchase. This freemium model allows users to test the platform and understand its value before committing to a paid plan. The company generates revenue through these premium subscriptions, offering features such as multitrack audio editing, screen/webcam recording, and powerful correction tools.

One of the standout features of Descript is its use of artificial intelligence (AI). The platform uses AI to transcribe videos, enabling users to edit their content by editing the transcribed text. Other AI-powered features include voice cloning, background noise removal, and green screen effects. These features not only enhance the quality of the content but also significantly reduce the time and effort required to produce it.

In summary, Descript.com is a promising startup in the digital content creation market, offering a unique and powerful platform that simplifies the video and podcast editing process. Its use of AI and a user-friendly interface sets it apart from competitors, and its freemium business model provides a clear path to revenue generation.

Keywords: Video Editing, Podcast Editing, Content Creation, Freemium Model, Artificial Intelligence, Transcription, Voice Cloning, Noise Removal, Green Screen Effects, User-Friendly Interface.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Descript

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Lyrebird.ai
ACQUISITION by Descript Sep 2019
SquadCast
ACQUISITION by Descript Aug 2023