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Descript

Updated Mar 23, 2026

Everything you need to know about Descript — from their $104M in funding to who's backing them.

🇺🇸United StatesSeries CAI Video

Out of 100

🇺🇸

HQ

United States

🗓

Founded

2017

💰

Raised

$104M

🏷️

Stage

Series C

👥

Team

200

Descript is an AI-powered video and audio editing platform founded in 2017 that simplifies media production through automated transcription and editing capabilities. The platform converts speech to text, allowing users to edit video and audio by editing the transcript itself, which automatically syncs changes to the media. This approach removes traditional timeline-based editing complexity,

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Key Facts

  • Descript is valued at $553M as of March 2026.
  • Descript has raised a total of $104M in disclosed funding across 4 funding rounds.
  • Descript was founded in 2017 by Andrew Mason and is headquartered in United States.
  • Descript employs approximately 200 people.
  • Descript operates in the AI Video category and is currently at the Series C stage.
  • Descript has an Awaira Score of 77/100, ranking it among the tracked AI companies on Awaira.
  • Descript's most recent funding round was a Series C of $50M closed in November 2022, led by Craft Ventures.

Source: Awaira · Updated Mar 23, 2026

$553M

Post-money

$104M

All rounds

77/100

2017

200 employees

Strengths

Strong Awaira Score of 77/100

Growing team of 200 employees

Late-stage with proven business model

Analysis based on publicly available data. Not investment advice.

4

Total Rounds

$23.75M

Avg Round Size

5.9yr

Funding Span

Descript raised 4 rounds over 5.9 years, averaging $23.75M per round — a pace of roughly one round every 18 months.

⚠️ ESTIMATE
💵Est. Annual Revenue
$20M–$100M estimated ARR

Awaira estimate based on public data. Not financial advice.

How does Descript stack up against competitors?

MetricDescriptLuma AIKuaishouSynthesia
Awaira Score77/10085/10084/10079/100
Total Raised$104M$1.07B$5B$530M
Valuation$553M$4B$36B$4B
StageSeries CSeries CPublicSeries E
Founded2017202120112017
Employees20010010000+200
Country🇺🇸🇺🇸🇨🇳🇬🇧
A

Andrew Mason

Founder & Executive Chair

View founder profile →
StageSeries C
Employees200
Country🇺🇸 United States
Connect
Inactive
4 rounds
Series CLatest

Led by Craft Ventures

$50M

Nov 2022

Series B

Led by Accel

$25M

Sep 2019

Series A

Homebrew, Initialized Capital

$15M

Jan 2018

Seed

$5M

Jan 2017

Frequently Asked Questions

What is Descript's valuation?
Based on the most recent funding round, the valuation sits at $553M.
Who invested in Descript?
Known backers include Craft Ventures, GV, Accel, Homebrew, Initialized Capital. These investors have supported the company through various funding rounds.
When did Descript last raise funding?
Last raise: a Series C of $50M in November 2022. The round was led by Craft Ventures.
How many employees does Descript have?
The team is roughly 200 people, headquartered in United States.
What does Descript do?
Descript is an AI-powered video and audio editing platform founded in 2017 that simplifies media production through automated transcription and editing capabilities. The platform converts speech to text, allowing users to edit video and audio by editing the transcript itself, which automatically syncs changes to the media. Founded in 2017, Descript is categorized under AI Video.
Who founded Descript?
Andrew Mason founded the company in 2017 in United States. Andrew Mason serves as Founder & Executive Chair.
Is Descript profitable?
Profitability details aren't publicly disclosed. The company has raised $104M in total funding and is currently at the Series C stage.
Where is Descript headquartered?
Headquarters are in United States 🇺🇸. The company operates in the AI Video sector and was established in 2017.
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