OpenAI Leads $50M Raise for AI Video Editor Descript

on November 15, 2022 at 11:00 am

Video and audio modifying software program startup Descript has raised $50 million in a Series C funding spherical led by OpenAI Startup Fund. Descript’s platform for modifying, together with transcription content material matching by drag-and-drop, has been enhanced with a number of new AI options in tandem with the funding information.
Descript AI
The upgraded platform consists of new options that may take away backgrounds to alter the setting of a video, as properly a brand new animations and transitions. Descript’s new author mode incorporates a script editor referred to as Scenes that may join components of the writing to visuals like a PowerPoint slide deck. The script can be used for synthesizing a voiceover with the brand new Overdub voice cloning software. The new Descript Storyboard gives multitrack display screen recording and entry to a free library of inventory movies, music, and sound results. The thought is to increase Descript’s imaginative and prescient of instantaneous modifying experience to an entire new vary of capabilities, greater than 30 new options in complete.
“The stage is about for video to take its place alongside textual content as one thing everybody makes use of to create and talk — the one issues holding it again are the instruments,” Descript CEO Andrew Mason stated. “With the brand new Descript, we’ve changed the drudgery of timeline modifying with a software that’s as acquainted because the phrase processor — so you can also make, edit, and share video with out breaking your artistic circulation.”
Descript has an extended historical past in artificial media, having acquired artificial voice startup firm Lyrebird in 2019 when it raised a $15 million spherical. The new funding spherical doubles Descript’s complete funding to $100 million. It’s OpenAI’s second funding after AI writing app Mem. The firm is trying for extra startups utilizing AI to profit artistic and sensible industries like healthcare, training, and artistic endeavors.
“We began the OpenAI Startup Fund to speed up the influence firms constructing on highly effective AI could have on the world, and we’re notably enthusiastic about instruments that empower individuals creatively,” stated OpenAI COO Brad Lightcap, who additionally serves as supervisor of the OpenAI Startup Fund. “It’s clear from utilizing Descript and speaking to prospects that Descript is breaking down boundaries between thought and creation by extending video modifying capabilities to a wholly new class of creators.”
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Eric Hal Schwartz is Head Writer and Podcast Producer for Voicebot.AI. Eric has been an expert author and editor for greater than a dozen years, specializing within the tales of how science and expertise intersect with enterprise and society. Eric relies in New York City.

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