The platform will be powered by machine learning and will support podcast creation and streaming.
Yerevan, Armenia, November 4, 2020 / PRNewswire / – Podcastle, A company developing podcast creation tools for amateur and professional podcasters and a streaming platform for listeners, announced them today $ 1.75 million Led seed funding Sierra venturesWith participation from Andrew Ng A Fund And Correlation vc. This investment brings the total amount raised by Podcastle $ 2 million.
“We took this round to invest in building a new podcast and developing a search platform that will empower everyone to make their voices heard without interruptions and how podcasting is perceived today. Our investors are a perfect match with Podcastle’s DNA, and we want to partner with them, ”said the founder of Podcastle, Artwazd Yeritsian, A former VP of engineering at PicsArt.
Following a successful launch four months ago and organic user development in the US, Podcastle will launch new podcast creation features to make the creation and streaming of interactive audio content even more accessible and fun.
Podcastel believes that podcasts will remain a primary medium for content sharing About one third (104M) Of Americans listening to podcasts at least once a month, according to Edison Research. Podcasts are positioned to reduce bottlenecks in podcast creation and address the growing demand for high-quality podcasts and allow creators to tell stories in the right voice and language for their content and audience.
What initially starts as a browser extension that uses AI to describe articles with natural-sounding speech, Podcastle has its own offerings to support the full lifecycle of podcast creation and consumption The plan is. The expansion would eventually play a smaller role in its larger stage. Podcastle’s in-house, text-to-speech and transcribing technology are product features.
“With our AI tech, strong product vision, fast execution and dedication to user success, we believe Podcast is firmly positioned to address the podcasting market and its needs,” Ben yuManaging Partner at Sierra Ventures.
Podcast is a powerful text-to-speech converter that converts news into podcasts in seconds using Artificial Intelligence (AI). Podcasts generated using podcastles are very human-like and take on all the emotions and tone of the writer. In addition to listening technology, the podcastle team is also working on developing an accessible tool for audio content creation. The team at Podcastle believes that there should be no barrier to entering a podcasting game and should be easy for everyone. Learn more podcastle.ai
About Sierra Ventures
Sierra Ventures is a Bay Area-based, early-stage venture company, focusing on Miracle Generation Enterprise and Emerging Technologies. With three decades of experience and more $ 2 billion Assets under management, Sierra has built a vast network of successful entrepreneurs, Global 1000 CXOs, operational executives and deep domain experts, providing a platform for entrepreneurs around the world. Learn more sierraventures.com.
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