Descript, Inc.
Series CRaised $101M at $550M valuation
Founded 2017San Francisco, United States100-200 employeesRevenue: $55M ARR
About Descript, Inc.
Collaborative audio and video editor that uses AI-powered transcription for text-based editing, founded by former Groupon CEO Andrew Mason. Founded in 2017 and headquartered in San Francisco, United States, Descript, Inc. has raised a total of $101M in funding and is currently at the Series C stage. Notable investors include OpenAI Startup Fund, Andreessen Horowitz, Redpoint Ventures, Spark Capital. The company has an estimated revenue of $55M ARR.
Key Metrics
Total Funding
$101MFounded
2017Team Size
100-200Headquarters
San Francisco, United StatesValuation
$550MStage
Series CEst. Revenue
$55M ARRFounders
Funding Rounds
| Round | Date | Amount | Investors |
|---|---|---|---|
| Series C | Nov 2022 | $50M | OpenAI Startup FundAndreessen HorowitzRedpoint VenturesSpark Capital |
| Series B | Jan 2021 | $30M | Spark CapitalAndreessen HorowitzRedpoint Ventures |
| Series A | Sep 2019 | $15M | Andreessen HorowitzRedpoint Ventures |
Investors
OpenAI Startup FundAndreessen HorowitzRedpoint VenturesSpark CapitalDaniel Gross
