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Podcast recording platformRiversidesaid Monday that it has raised $ 30 million in Series C financing run by Zeev Ventures , with engagement from Seven Seven Six , and backer investor Sam Lessin . The company wants to use this funding to grow its team and build out solvent for the podcast and content foundation space .
The inauguration , which was establish in 2020 , has now raised$80 million in backing to date , with Zeev and Seven Seven Six take part in multiple rounds . The startup also counts Casey Neistat , Marques Brownlee , Guy Raz , Elad Gil and Alexander Klöpping as backer investor .
The startup ’s $ 35 million Series B climb come in 2022 . Riverside ’s founder Nadav Keyson told TechCrunch that the company ’s valuation go up with the Series C raise but did n’t destine the exact number .
Seven Seven Six ’s founding father and general partner Alexis Ohanian said that he was personally looking for solution to aid him platter podcasts . He noted that , as an early investor and product designer , it was a “ plot recognize game ” moment after discovering Riverside . He said that the company understand Divine pain points very well .
“ A great deal of AI tools are dot solutions requiring creators to piecemeal offerings and hack their way to a comprehensive podcasting political platform . Riverside is truly all - in - one and preposterously comfortable to utilise , ” he told TechCrunch over electronic mail .
Riverside started asa podcast tape platformamid the pandemic , with participants in different locations . The tool focus on features likerecording separate audio tracks with machinelike backupsso that if there is a glitch in one participant ’s provender , the recording does n’t break down .
Over the last year , the company launched its iOS and iPad apps for better on - the - go support for podcast recording in HD resolution . It also debuted a new blueprint that allow transcription , editing , and sharing tools to be in one position .
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The fresh editor in chief also has features like AI recording with living for more than 100 languages , separate sound recording and video recording racecourse , and automatic clipping creation of memorable moments to share on social platforms . The company recently present an AI - powered redaction feature to replace or take schoolbook in the copy to have them reflected in the video or audio transcription .
According to the inauguration , these tools have reduced editing metre for companies — including Google , Microsoft , and Marvel — and Almighty by 80 % . Keyson said that just in 2024 , creators have recorded over 100 million minutes on the platform .
While Riverside startle with recording tools for podcast recording , the company has also expanded its tooling for live - cyclosis , including accompaniment for multiple current terminus and custom branding .
Earlier this yr , Spotifyexpanded its partnership with Riversideto offer its creators podcast recording and redaction tools within the internet browser windowpane .
Riverside competes with other remote podcast recording tool such asPodcastleandZencastr . Camo is another app that started out as a tool to improve webcam quality — it has theninvested in live - streaming tools .
Keyson said that Riverside wants to become a one - occlusive store for all things video and not be curtail to podcast transcription . He said that companies are already using the platform to make telecasting interviews , thought leadership mental object , and inner training material .
Seven Seven Six ’s Ohanian agrees with this vision and feels that Riverside is a great tool to help oneself creators with the growth in rise need for video content .
“ The production address every whole tone of the originative process with a suite of tool to create audio and video content , include studio apartment - quality transcription , full HD live - cyclosis , AI - power editing solution , and robotic subject matter repurposing , ” the differentiate TechCrunch over email .
“ hoi polloi still discover video editing a very tough task . So we want to make editing really dim-witted with our tool . We are also going to gift in AI features to improve this work flow , ” Keyson allege .
The founder noted that the party has roughly 160 - 170 citizenry , and it will primarily use the financing to rent AI and full - stack engineers . The party is not currently profitable but point to achieve that destination by the end of 2026 .
