Sign up to save tools and stay up to date with the latest in AI
bg
bg
1

As Podcastle raises $13.5M, its founder credits AI-driven growth in Armenia's 'Mini-Silicon Valley' | TechCrunch

Feb 02, 2024 - techcrunch.com
Podcastle, a podcasting platform, has raised $13.5 million in a Series A funding round led by Mosaic Ventures, with participation from existing investors RTP Global, Point Nine Capital, Sierra Ventures, and Andrew Ng’s AI Fund, among others. The platform, which offers AI-driven features, claims to have around a million creators using its tools. The funding will be used to scale Podcastle's move from a single-user experience to a multiplayer experience, a shift that saw a 10x growth last year.

Podcastle differentiates itself from competitors by offering real-time collaboration and AI functionalities. The platform focuses on long-form content creation and covers the entire workflow from ideation to audience delivery. It also offers tools that improve audio and video quality, and allows for the creation and distribution of short-form videos for marketing purposes. The company's engineering team is based in Armenia, which is emerging as a new European tech hub.

Key takeaways:

  • Podcastle, a podcasting platform with AI-driven features, has raised $13.5 million in a Series A funding round led by Mosaic Ventures, with participation from existing investors and Squarespace and Moonbug Media CEOs.
  • The platform claims to have around a million creators using its tools, many of which have AI-driven features, and is focusing on long-form content creation.
  • Podcastle differentiates itself from competitors by offering real-time collaboration and AI functionalities, and is web-based, covering the entire workflow from ideation to audience delivery.
  • Podcastle's engineering team operates out of Armenia, which is fast becoming a new European tech hub, with big companies like Adobe and Nvidia establishing offices there in search of programming talent, especially in AI.
View Full Article

Comments (0)

Be the first to comment!