Podcastle, the podcasting platform integrating generative AI features, has successfully raised $13.5 million in a Series A funding round, with Mosaic Ventures leading the investment. The funding round included participation from existing Podcastle investors RTP Global, Point Nine Capital, Sierra Ventures, and Andrew Ng’s AI Fund, along with contributions from Squarespace CEO Anthony Casalena and Moonbug Media CEO René Rechtman. Check out the official announcement here.
Founded by Arto Yeritsyan, Podcastle offers a suite of AI-driven tools, including Revoice (generative AI voice cloning), Magic Dust AI (audio quality enhancement), Podcastle Hosting Hub, and Podcastle for Teams. The platform now claims a user base of approximately one million creators, although this figure has not been independently verified.
Arto Yeritsyan, CEO of Podcastle, highlighted the company’s focus on long-form content creation, both audio and video, differentiating it from competitors. The recent funding will be utilized to scale the platform further, following a notable 10x growth observed in the previous year.
Arto emphasized the platform’s commitment to real-time collaboration and AI functionalities, positioning Podcastle as a comprehensive solution for content creators. The funding will support the platform’s evolution from a single-user experience to a multiplayer experience.
Armenia’s emergence as a tech hub was acknowledged, with Podcastle’s engineering team operating from the country. The region has attracted notable companies like Adobe and Nvidia, contributing to its status as a growing tech center.
Podcastle’s leadership team welcomed key additions, including Allan Rechtman as Chief Commercial Officer, Damian Sacco as VP of Growth, and Dmitry Kopylovsky as Chief Marketing Officer, aiming to enhance the company’s growth in 2024.
In addressing podcasting trends, Arto highlighted the significance of “studio sound” and the platform’s ability to improve audio quality, responding to the increasing popularity of video podcasting on platforms like YouTube. Additionally, the platform utilizes AI to automate the creation and distribution of short-form content for effective marketing across various social platforms.
The funding success positions Podcastle to continue its trajectory in the podcasting space, contributing to Armenia’s growing influence in the tech industry and providing creators with enhanced tools for content creation.