Descript Transforms Transcription-Based Editing with New Product Release

Descript, the AI-powered platform that simplifies video and audio editing, launched its biggest product update ever – reinventing the video editor as a simple tool to sit alongside docs and slides. Loaded with AI-powered magic, the new Descript is even simpler to use, and offers even more powerful, versatile new features. Descript also announced a $50 million Series C round led by OpenAI Startup Fund with participation from Andreessen Horowitz, Redpoint Ventures, Spark Capital and Daniel Gross.

Cloud recording studio (CRS) platform SquadCast announced an update (v4.5) to its service which includes Dolby.io noise cancellation, one-click audio mastering, a new category-first integration API, and new workflow features among other enhancements. SquadCast’s Software-as-a-Service (SaaS) subscription now allows users to connect and record up to 10 people simultaneously in a recording session.

Descript, a San-Francisco, CA-based company developing next-generation digital media platforms, announced the release of Descript Video, a powerful new media creation platform that makes it faster, easier, and fun to create content. Expanding from the company's impressive audio-to-text and text-to-audio tools, Descript Video allows anyone to record and edit multitrack videos with titles, transitions, image and video overlays, animations, and more — all with the same ease and flexibility as editing a document.