As Podcastle raises $13.5M, its founder credit AI-driven progress in Armenia’s ‘Mini-Silicon Valley’

Podcastle, a podcasting platform that has boosted its product with varied generative AI-driven options, has raised $13.5 million in a Collection A funding spherical led by Mosaic Ventures.

Additionally taking part have been current Podcastle traders RTP International, 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, a lot of which have AI-driven options, though this determine has not been independently verified.

In a press release, Simon Levene, co-founder and companion of Mosaic Ventures, commented: “Arto and the staff at Podcastle have constructed a number one product, and are already exhibiting 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, instructed me: “Final summer season we launched podcasts for groups. So we’re transferring 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 affords Revoice, a generative AI voice cloning instrument; Magic Mud AI, to enhance audio high quality; the Podcastle Internet hosting Hub; and Podcastle for Groups.

He stated the platform is concentrating on long-form content material creation, each audio and video: “Mainly something that produces content material, which isn’t like TikTok-type of short-form content material. We assist groups collaborate, and it covers all the workflow from ideation into truly getting it to the viewers, that means you may report on our platform, you may then edit or invite any individual to edit.”

He additionally thinks the platform differentiates itself from opponents 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 it’s worthwhile to set up in your pc, whereas we’re web-based and masking all the stream. So our providing is being a one-stop store with real-time collaboration on the net. As a comparability, we’d be like Sketch versus Figma. Sketch wanted to be put in in your pc, not likely web-based or cloud-based the place you possibly can collaborate, and Figma mainly got here in as a collaborative product. So we’re fairly related 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 have got all the workflow inside the similar product. Podcasters can invite editors and the staff could make the edits and may then can invite the marketer to create property 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 most important 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 should you’re podcasting with three folks, with every of them having a unique surroundings, completely different distance from the microphone, completely different noise ranges.”

He says these instruments have been constructed as a result of video podcasting is getting very talked-about 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 large 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 do this mechanically, quite than manually, by producing all of the property that it’s worthwhile to share in numerous platforms to draw customers to your long-form content material.”

He says customers and companies are beginning to make their choices not by scrolling by web sites however by watching their content material: “They’re going to their YouTube channels, podcasts and listening to that after which making a choice, versus the previous methods of doing that.”

I additionally requested him if he thinks Armenia is changing into extra of a tech hub, given unicorn corporations like Picsart have emerged from there. Podcastle’s engineering staff operates out of Armenia, which is quick changing into a brand new European tech hub, having been boosted by the institution of workplaces by large corporations like Adobe and Nvidia of their seek for programming expertise, particularly in AI.

“Sure, undoubtedly. We’re mainly changing into a small Silicon Valley right here. You will note corporations like Adobe constructing workplaces. The CEO of Adobe was right here final yr. We have now Nvidia right here, and other people 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 not too long ago employed Allan Rechtman, a former VP at Canva, as its chief industrial officer; Damian Sacco as VP of Development (previously Prezi); and Dmitry Kopylovsky has been promoted to chief advertising officer.

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