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AI-powered media editing app Descript lands fresh cash from OpenAI

TechCrunch

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.

Media 235
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Nestcoin raises $6.45M pre-seed to accelerate crypto and web3 adoption in Africa and frontier markets

TechCrunch

Africans and people in emerging markets missed out on the first set of opportunities that technological advancements brought to the world. Africa’s cryptocurrency market grew by 1,200% to $105.6 Nestcoin’s products cut across Decentralized Finance (DeFi), media, digital art and gaming. . million pre-seed to that end.

Marketing 245
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TipTip uses a hyperlocal strategy to help Southeast Asian creators monetize

TechCrunch

But many of them don’t have the social media clout to attract advertisers. TipTip founded in October 2021 by Albert Lucius, whose previous startup Kudo was acquired by Grab in 2017. The latest round was led by East Ventures, with participation from returning investors Vertex, SMDV and B.I.G.

Strategy 239
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GoStudent uses its warchest to acquire large network of traditional tutoring centres in Europe

TechCrunch

Studienkreis had previously been owned, since 2017, by the London-based private equity firm IK Partners. The acquisition gives GoStudent a substantial offline presence, a ready-made market for its online offering and the ability to cater to families that prefer their children participate in group or real-world, centre-based classes.

Network 226
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How to build a social media app: An entrepreneur’s guide

Openxcell

Forbes reports that the number of people using social media worldwide has reached 4.9 Over the last few years, social media has evolved from being primarily a communication channel and entertainment platform to marketing and growing businesses, contributing to significant social and political discussions. billion in 2023.

Media 52
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Customer service: five trends

Xebia

Even due to social media, all organisations are operating with an open kitchen nowadays. Consumers below 25 years of age have 35% preference for contact through social media. 42% of Gen Y claim to prefer to clean a toilet, instead of calling customer service (Aspect Software, 2017). Did a piece of food fall on the floor?

Trends 130
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KakaoEntertainment subsidiary acquires fantasy fiction platform Wuxiaworld

TechCrunch

based storytelling platform acquisitions , Radish and Tapas Media. Tapas Media aims to turn digital comics into the next big entertainment franchise. market, according to its statement. . . market,” Lee said. . . market,” Lee said. . It also entered Indonesia in 2017 and Indian in 2020.

Mobile 244