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Image credits: podcastle team
Podcastle, a podcasting platform that powers its products with a variety of AI-powered generation capabilities, has raised $13.5 million in a Series A funding round led by Mosaic Ventures.
Also participating were existing Podcastle investors RTP Global, Point Nine Capital, Sierra Ventures, and Andrew Ng’s AI Fund. Squarespace CEO Anthony Casalena and his Moonbug Media CEO René Rechtman also participated in the round.
The platform claims about 1 million creators are currently using its tools, many of which have AI-driven features, but this number has not been independently verified.
Simon Levene, co-founder and partner at Mosaic Ventures, commented in a statement: “Arto and the Podcastle team are building a major product and are already showing signs of organic growth, which we believe will further accelerate in the coming years.”
In a conversation with Arto Yeritsyan, Founder and CEO of Podcastle, he told me: So we’re moving from a single-user experience to a multiplayer experience. Therefore, this funding is aimed at expanding that. Last year, it grew 10 times his size. So you’re basically scaling it.
Podcastle offers Revoice, a generative AI voice cloning tool. Magic Dust AI, improve audio quality. Podcastle Hosting Hub, and Podcastle for Teams.
He said the platform is focused on creating long-form content, both audio and video, adding, “It’s basically anything that produces content, and it’s different from Tiktok-type short-form content. We help teams collaborate and cover the entire workflow from ideation to actually delivering it to an audience: recording on our platform and then editing or inviting someone to edit. can do.”
He also believes the platform differentiates itself from competitors by offering real-time collaboration and AI capabilities.
“We compete with Riverside on the recording side and Descript on the editing side. Descript is desktop-based and has to be installed on your computer, whereas we are web-based and cover the entire flow. So what we offer is a one-stop shop with real-time collaboration on the web. Comparatively, it’s something like Sketch and Figma. Sketch requires installation on your computer and allows you to collaborate on the web. It wasn’t based or cloud-based. Figma basically came out as a collaborative product, so it’s pretty similar when it comes to video and audio content creation.”
He plans to take advantage of both these collaboration features and online editing. “In our case, the entire workflow is within the same product. Podcasters can invite editors, teams can do the editing, they can invite marketers to create assets like long-form videos, short-form videos, etc. You can share on social without leaving the same platform.”
We also asked them what the biggest trends in podcasting are right now.
“The biggest trend is so-called studio sound. Our tools can generate “fake quality audio” from any input. So when you record something on your smartphone, you get an output that feels like you’re in a studio. Even if he’s doing a podcast with three people, each in a different environment and at a different distance from the microphone, the noise level will be different. ”
He said these tools were built because video podcasting is very popular and promoted on YouTube, and Podcastle introduced video tools to cover this demand. Did. Add AI blur and bokeh effects. ”
Another big trend is marketing, he says. “We responded to this with the ability to create a lot of short-form videos and distribute them across all social platforms. By generating all the assets we have, we give them the opportunity to do that automatically rather than manually.”
He says consumers and businesses are starting to look at content and make decisions instead of scrolling through websites. Of doing it. ”
We also asked if they think Armenia is becoming a technology hub, given the rise of unicorns like Picsart from Armenia. Podcastle’s engineering team is based in Armenia. Armenia is fast becoming Europe’s new technology hub, with large companies such as Adobe and Nvidia setting up offices in search of programming talent, especially in the field of AI.
“Yes, definitely. It’s basically becoming a mini Silicon Valley here. You sometimes see companies like Adobe building offices. Adobe’s CEO was here last year. Here There’s Nvidia, and people from companies like Picsart are starting their own companies. I was vice president of engineering at Picsart for about eight years,” he says.
The company recently hired Allan Rechtman, former VP of Canva, as chief commercial officer. Damian Saccoas Vice President of Growth (previously he was Prezi); Dmitry Kopilovsky has been promoted to Chief Marketing Officer.
