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    • Riverside Raises M Series C to Expand Its Podcasting and Video Recording Platform
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    Riverside Raises $30M Series C to Expand Its Podcasting and Video Recording Platform

    Pabio Posted on

    Podcast recording platform Riverside said Monday it raised $30 million in Series C funding led by Zeev Ventures, with participation from Seven Seven Six and angel investor Sam Lessin. The company wants to use this funding to grow its team and build solutions for the podcast and content creation space.

    The startup, founded in 2020, has now raised $80 million in funding to datewith Zeev and Seven Seven Six participating in multiple rounds. The startup also counts Casey Neistat, Marques Brownlee, Guy Raz, Elad Gil and Alexander Klöpping as angel investors.

    The startup’s $35 million Series B raise took place in 2022. Riverside founder Nadav Keyson told TechCrunch that the company’s valuation increased with the Series C raise, but did not specify the exact figure.

    Image credits: By the river

    Seven Seven Six founder and general partner Alexis Ohanian said he was personally looking for solutions to help him record podcasts. He noted that as an early investor and product developer, it was a “recognition game” moment after discovering Riverside. He said the company understands creators’ issues very well.

    “Many AI tools are point solutions requiring creators to come up with piecemeal offerings and work their way toward a comprehensive podcasting platform. Riverside is truly all-in-one and ridiculously easy to use,” he told TechCrunch via email.

    Riverside began as a podcast recording platform in the middle of the pandemic, with participants in different locations. The tool focused on features such as recording separate audio tracks with automatic backups so that if there is a problem in a participant’s stream, the recording does not crash.

    Over the past year, the company launched its iOS and iPad apps for greater on-the-go support for recording podcasts in HD resolution. It also launched a new design that brings recording, editing and sharing tools together in one place.

    The new editor also has features like AI transcription with support for over 100 languages, separate audio and video tracks, and automatic creation of clips of memorable moments to share on social platforms. The company recently introduced an AI-powered editing feature to replace or delete text in the transcription so that it is reflected in the video or audio recording.

    According to the startup, these tools have reduced editing time by 80% for businesses – including Google, Microsoft and Marvel – and creators. Keyson said that in 2024 alone, creators have logged more than 100 million minutes on the platform.

    While Riverside started with recording tools for recording podcasts, the company has also expanded its tools for live streaming, including support for multiple stream destinations and custom branding.

    Earlier this year, Spotify expanded its partnership with Riverside offer its creators tools for recording and editing podcasts in the browser window.

    Riverside competes with other remote podcast recording tools such as podcast And Zencastr. Camo is another application that started as a tool to improve the quality of webcams. invested in live streaming tools.

    Keyson said Riverside wants to become a one-stop shop for all things video and not just just recording podcasts. He said companies are already using the platform to create video interviews, thought leadership content and internal training materials.

    Ohanian of Seven Seven Six agrees with this vision and believes that Riverside is a great tool to help creators with the rise in growing demand for video content.

    “The product addresses every step of the creative process with a suite of tools for creating audio and video content, including studio-quality recording, Full HD live streaming, AI-powered editing solutions and automatic reuse of content,” TechCrunch said of the email.

    “People still find video editing to be a very difficult task. So we want to make editing really easy with our tools. We will also invest in AI capabilities to improve this workflow,” Keyson said.

    The founder noted that the company has around 160 to 170 people and will primarily use the funding to hire AI and full-stack engineers. The company is currently not profitable but aims to achieve this goal by the end of 2026.

    Pabio
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