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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 656 active competitors, including 96 funded and 29 that have exited. Its top competitors include companies like Verbit, Otter.ai and Deepgram.

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.
Social
XFacebook
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
Ranked
Employee Count
185 as on May 31, 2026
Investment & Acquisitions
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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 20 angel investors.

Here is the list of recent funding rounds of Descript:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Nov 15, 2022
3765134
Series C
5598323
7231852
5549166
2720036
Jan 12, 2021
2230616
Series B
5831345
6397896
6003135
Sep 2019
1962281
Series A
6801905
8819459
3230753
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Descript's founders and board of directors

Founder? Claim Profile
The founders of Descript is Andrew Mason.
Here are the details of Descript's key team members:

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 6m
jyfqvhy
Independent board member
-
Current
5y 5m
jznfekh
Independent board member
-
Current
7y 4m
giblnbi
Independent board member
-
Current
5y 8m

Descript's employee count trend

Descript has 185 employees as of May 26. Here is Descript's employee count trend over the years:
Employee count trend for Descript
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Descript's Competitors and alternates

Top competitors of Descript include Verbit, Otter.ai and Deepgram. Here is the list of Top 10 competitors of Descript, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Verbit
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
75/100
2nd
Logo for Otter.ai
Otter.ai
2016, Los Altos (United States), Series B
Developer of an AI meeting agent providing transcription and summarization
$70M
75/100
3rd
Logo for Deepgram
Deepgram
2015, San Francisco (United States), Series C
Provider of AI-based speech transcription software
$229M
70/100
4th
Logo for TrueFan AI
TrueFan AI
2020, Gurugram (India), Series A
Provider of AI video platform for enterprise marketing and content creation
$11.1M
69/100
5th
Logo for OpusClip
OpusClip
2022, San Francisco (United States), Series A
Provider of AI video editing tools for short-form content creation
$50M
69/100
6th
Logo for Wondershare
Wondershare
2003, Vancouver (Canada), Series B
Developer of software for video editing, PDF management, and data recovery
$10M
68/100
7th
Logo for Descript
Descript
2017, San Francisco (United States), Series C
Provider of an AI-powered platform for video and podcast creation
$101M
65/100
8th
Logo for SundaySky
SundaySky
2007, New York City (United States), Acquired
Provider of an enterprise video platform for personalized customer engagement
$67.1M
64/100
9th
Logo for Speechmatics
Speechmatics
2006, Cambridge (United Kingdom), Series B
Provider of speech recognition software for real time voice processing
$90.6M
64/100
10th
Logo for WeVideo
WeVideo
2011, Mountain View (United States), Acquired
Provider of tools for video creation, interactive video, and video hosting
$21.2M
63/100
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Descript's Investments and acquisitions

Descript has acquired 2 companies including SquadCast and Lyrebird. Descript has not made any investments as of now.

News related to Descript

lockFilter this list
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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