Podcastle, a podcasting platform that has boosted its product with numerous generative AI-driven options, has raised $13.5 million in a Collection A funding spherical led by Mosaic Ventures.
Additionally collaborating had been present Podcastle traders RTP World, Level 9 Capital, Sierra Ventures, and Andrew Ng’s AI Fund. Squarespace CEO Anthony Casalena and Moonbug Media CEO René Rechtman additionally participated within the spherical.
The platform now claims to have round one million creators utilizing its instruments, lots of which have AI-driven options, though this determine has not been independently verified.
In a press release, Simon Levene, Co-founder and Accomplice of Mosaic Ventures commented: “Arto and the group at Podcastle have constructed a number one product, and are already displaying indicators of natural progress that we consider will solely speed up within the years forward.”
In a dialog with Arto Yeritsyan, Founder and CEO of Podcastle, advised me: “Final summer season we launched podcasts for groups. So we’re shifting from single-user expertise to multiplayer expertise. So this funding is aimed to scale that. We noticed this scale with 10x progress final yr. So mainly, we’ll be scaling that.
Podcastle provides Revoice, a generative AI voice cloning software; Magic Mud AI, to enhance audio high quality; the Podcastle Internet hosting Hub, and Podcastle for Groups.
He mentioned the platform is concentrating on long-form content material creation, each audio and video: “Principally something that produces content material, which isn’t like Tiktok-type of short-form content material. We assist groups collaborate, and it covers your complete workflow from ideation into truly getting it to the viewers, which means you may report on our platform, you may then edit or invite any person to edit.”
He additionally thinks the platform differentiates itself from rivals by providing real-time collaboration and AI functionalities.
“We compete with Riverside on the recording aspect and Descript on the modifying aspect. Descript is desktop-based which you have to set up in your laptop, whereas we’re net based mostly and protecting your complete movement. So our providing is being a one-stop store with real-time collaboration on the Internet. As a comparability, we’d be like Sketch versus Figma. Sketch wanted to be put in in your laptop, not likely web-based or cloud-based the place you can collaborate, and Figma mainly got here in as a collaborative product. So we’re fairly comparable however for video and audio content material creation.”
He plans to make a advantage of each these collaborative options and on-line modifying: “In our case, you’ve got your complete workflow throughout the similar product. Podcasters can invite editors and the group could make the edits and may then can invite the marketer to create belongings like short-form movies of the long-form video and share it to social, proper from the identical platform with out leaving.”
I additionally requested him what are the most important developments in podcasting proper now.
“The largest development is what we name studio sound. Our instruments can generate a ‘pseudo high quality audio’ from any enter. So you may report one thing in your cellphone and the output that you just get is sort of such as you’ve been in a studio, even in the event you’re podcasting with three individuals, with every of them having a special surroundings, completely different distance from the microphone, completely different noise ranges.”
He says these instruments had been constructed as a result of video podcasting is getting extremely popular on YouTube, the place it’s being pushed, so Podcastle launched video instruments to cowl this demand: “No matter what digital camera you utilize, you may generate DSLR digital camera high quality. You may add AI blur or a bokeh impact.”
One other huge development is advertising, he says: “We met this with the power to create loads of shorts and distribute these to all of the social platforms. AI provides you the chance to try this robotically, quite than manually, by producing all of the belongings that you have to share in numerous platforms to draw customers to your long-form content material.”
He says shoppers and companies are beginning to make their choices not by scrolling via web sites however by watching their content material: “They’re going to their YouTube channels, podcasts, and listening to that after which making a call, versus the outdated methods of doing that.”
I additionally requested him if he thinks Armenia is turning into extra of a tech hub, given unicorn corporations like Picsart have emerged from there. Podcastle’s engineering group operates out of Armenia, which is quick turning into a brand new European tech hub, having been boosted by the institution of workplaces by huge corporations like Adobe and Nvidia of their seek for programming expertise, particularly in AI.
“Sure, positively. We’re mainly turning into a small Silicon Valley right here. You will notice corporations like Adobe constructing workplaces. The CEO of Adobe was right here final yr. We’ve got Nvidia right here, and folks from corporations like Picsart are beginning their very own corporations. I used to be a VP of Engineering at Picsart for about eight years,” he says.
The corporate has additionally just lately employed Allan Rechtman, a former VP at Canva, as its Chief Business Officer; Damian Saccoas VP of Development (previously Prezi); and Dmitry Kopylovsky has been promoted to Chief Advertising and marketing Officer.