Podcastle, a startup that converts text news and articles to a podcast, with very natural human speech using machine learning, announced that it has raised $1.75 million seed funding led by Sierra Ventures. Other investors that participated in the funding round include Andrew Ng’s AI Fund and Correlation VC.
Founded in early 2020 by Artavazd Yeritsyan, Podcastle has raised a total of $2 million in funding so far.
“We raised this round to invest in developing a new podcast creation and discovery platform that will empower everyone to have their voice heard without barriers and redefine how podcasting is perceived today. Our investors are a perfect match with Podcastle’s DNA, and we are looking forward to partnering with them,” said Podcastle’s Founder, Artavazd Yeritsyan, a former VP of Engineering at PicsArt.
Podcastle will be using the funding to boost expansion, launch new podcast creation features to make the creation and streaming of interactive audio content even more accessible and fun.
Podcastle believes podcasts will continue to be a primary medium for sharing content – with nearly one-third (104M) of Americans listening to podcasts at least once a month, according to Edison Research. Podcastle is positioned to address the growing demand for high-quality podcasts by lowering the barrier to podcast creation and allowing creators to tell stories in the voices and language that’s right for their content and audience.
“With its AI tech, strong product vision, fast execution, and demonstrated dedication to user success, we believe that Podcastle is strongly positioned to serve the growing podcasting market and its needs,” said Ben Yu, Managing Partner at Sierra Ventures.
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