https://techcrunch.com/2022/11/15/ai-powered-media-editing-app-descript-lands-fresh-cash-from-openai/

Descript, the audio and video editing platform founded in 2017 by former Groupon CEO Andrew Mason, has raised $50 million in a Series C round led by the OpenAI Startup Fund, a tranche through which OpenAI and its partners, including Microsoft, are investing in early-stage companies. Descript is the second startup to receive a cash infusion from the fund after AI note-taking app Mem, and Mason says it reflects OpenAI’s belief in the future of Descript’s AI-powered features.

“I founded Descript with the idea of building a simple, intuitive, fully-powered editing tool for video and audio — an editing tool built for the age of AI,” Mason told TechCrunch in an email interview. “We’re on the verge of a generational change in the way we create content — fueled by AI. That includes the kind of tools like creators are already using in Descript, and emerging stuff like generative AI. The challenge for companies like ours is how to make that technology useful and accessible.”