Descript - About the company
Descript is a series C company based in San Francisco (United States), founded in 2017 by Andrew Mason. It operates as a Provider of an AI-powered platform for video and podcast creation. Descript has raised $101M in funding from investors like Redpoint Ventures, Andreessen Horowitz and Spark Capital, with a current valuation of $*****. The company has 554 active competitors, including 92 funded and 28 that have exited. Its top competitors include companies like Otter.ai, Deepgram and Verbit.
Company Details
Provider of an AI-powered platform for video and podcast creation. The platform offers tools for editing, transcription, and generating media. It provides features such as screen recording, captioning, and AI speech capabilities. The platform also offers templates and AI avatars for users. It caters to marketing, learning, sales, support, and content creation purposes.
- Website
- www.descript.com/
- Registered Address
- San Francisco, California
Key Metrics
Founded Year
2017
Location
San Francisco, United States
Stage
Series C
Total Funding
$101M in 4 rounds
Latest Funding Round
Post Money Valuation
$***** as on Nov 15, 2022
Investors
Ranked
4th among 554 active competitors
Employee Count
188 as on Mar 31, 2026
Legal entities associated with Descript
Descript is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Descript, Inc. CIN: 822638807 , United States, Active | Dec 31, 1999 | - | 147 (As on Dec 31, 2024) | - |
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Descript's funding and investors
Descript has raised a total funding of $101M over 4 rounds. Its first funding round was on Dec 12, 2017. Its latest funding round was a Series C round on Nov 15, 2022 for $*****. 6 investors participated in its latest round. Descript has 8 institutional investors and 21 angel investors.
Here is the list of recent funding rounds of Descript:
Filter this list
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 15, 2022 | 9361330 | Series C | 7994386 | 8487848 | 7799462 | 6441112 |
Jan 12, 2021 | 2525501 | Series B | 4016346 | 2706783 | 2487103 | |
Sep 2019 | 4238728 | Series A | 3568967 | 9047441 | 3791266 |
View details of Descript's funding rounds and investors
Descript's founders and board of directors
Founder? Claim ProfileThe founders of Descript is Andrew Mason.
Here are the details of Descript's key team members:
- Andrew Mason: Founder & CEO of Descript. Contact Info: 1 email address
Descript's Board of Directors
Descript's board has 4 active members. Andrew Mason, Alex Rampell, Nabeel Hyatt and Kundan Kumar are independent board members.Here is the list of Descript's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 3y 1m | |
itgxyfa | Independent board member | - | Current | 4y 4m |
urv{yzp | Independent board member | - | Current | 5y 5m |
pijnzxc | Independent board member | - | Current | 4y 8m |
View details of Descript's Founder profiles and Board Members
Descript's employee count trend
Descript has 188 employees as of Mar 26. Here is Descript's employee count trend over the years:
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Descript's Competitors and alternates
Top competitors of Descript include Otter.ai, Deepgram and Verbit. Here is the list of Top 10 competitors of Descript, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Otter.ai 2016, Los Altos (United States), Series B | Developer of an AI meeting agent providing transcription and summarization | $70M | 73/100 | |
2nd | Deepgram 2015, San Francisco (United States), Series B | Provider of AI-based speech transcription software | $85.9M | 72/100 | |
3rd | Verbit 2017, New York City (United States), Series E | Provider of cloud and AI-based natural language processing platform to develop speech recognition applications | $550M | 69/100 | |
4th | Descript 2017, San Francisco (United States), Series C | Provider of an AI-powered platform for video and podcast creation | $101M | 65/100 | |
5th | Wondershare 2003, Vancouver (Canada), Series B | Developer of software for video editing, PDF management, and data recovery | $10M | 67/100 | |
6th | OpusClip 2022, Redwood City (United States), Series A | Provider of AI video editing tools for short-form content creation | $50M | 67/100 | |
7th | Captions 2021, Boston (United States), Series C | Developer of an AI-powered platform for video creation and editing | $100M | 66/100 | |
8th | SundaySky 2007, New York City (United States), Acquired | Personalized interactive video solutions | $67.1M | 65/100 | |
9th | Provider of AI-powered platform for personalized, multilingual video content creation | $11.1M | 65/100 | ||
10th | 3Play Media 2008, United States, Acquired | Provider of captioning, transcription, translation solutions to enterprises | $962K | 64/100 |
Looking for more details on Descript's competitors? Click here to see the top ones
Descript's Investments and acquisitions
Descript has acquired 2 companies including SquadCast and Lyrebird. Descript has not made any investments as of now.Reports related to Descript
Here is the latest report on Descript's sector:
News related to Descript
Media has covered Descript for a total of 2 events in the last 1 year, 1 of them has been about partnerships and 1 about people movement.
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Kaltura and Descript Partner for AI-Powered Video AccessibilityGlobeNewswire•Mar 30, 2026•Descript, Kaltura, Kaltura
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Speak lands investment from OpenAI to expand its language learning platformTechCrunch+•Nov 17, 2022•Speak, Descript, OpenAI Startup Fund
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Descript's revamped video editing Storyboard feature launches for all usersThe Verge•Nov 15, 2022•Descript
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Descript Raises $50 Million Series C Led by OpenAI Startup FundPRWeb•Nov 15, 2022•Descript, OpenAI Startup Fund, Daniel Gross, Andreessen Horowitz and 4 others
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Descript Launches Multi-Language Transcription to Support Global User BaseMarTech Series•Mar 07, 2022•Descript
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