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.
