Private Markets, Angel and Secondary Investing, Sacra

Sacra

Private Markets, Angel and Secondary Investing

Bringing transparency to private markets so investors, founders, and employees can build on conviction. Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Capital Markets

<ul><li>Sacra estimates that Descript hit $55M in annual recurring revenue (ARR) in late 2024, representing 75% year-over-year growth.</li><li>Descript raised $50 million in Series C funding in November 2022, led by OpenAI Startup Fund.</li><li>Revenue expansion happens through increased AI credit consumption as users adopt more automated features, team seat expansion, and migration to higher-tier plans.</li></ul>

Sacra estimates that Descript hit $55M in annual recurring revenue (ARR) in late 2024, representing 75% year-over-year growth.Descript raised $50 million in Series C funding in November 2022, led by OpenAI Startup Fund.Revenue expansion happens through increased AI credit consumption as users adopt more automated features, team seat expansion, and migration to higher-tier plans.

<ul><li>ElevenLabs opened the floodgates with their AI model for generating audio across 1,000+ synthetic, human-sounding voices that could speak in 32 different languages.</li><li>ElevenLabs is moving from foundation model to application layer and building the Adobe Creative Cloud ($13B in yearly revenue) for AI-generated audio, with Sacra estimating ElevenLabs crossed $90M in annual recurring revenue in October 2024, up 350% YoY.</li><li>AI voice agents have strong product-market fit—as a 70% cheaper replacement for humans across support calls, appointment bookings, and restaurant reservations—driving the rise of an AI-native audio stack of tools like Cartesia (Index Ventures) for text-to-speech, Deepgram ($86M raised, Madrona Ventures) for speech-to-text, and Hamming ($750K raised, YC S24) for testing.</li></ul>

ElevenLabs opened the floodgates with their AI model for generating audio across 1,000+ synthetic, human-sounding voices that could speak in 32 different languages.ElevenLabs is moving from foundation model to application layer and building the Adobe Creative Cloud ($13B in yearly revenue) for AI-generated audio, with Sacra estimating ElevenLabs crossed $90M in annual recurring revenue in October 2024, up 350% YoY.AI voice agents have strong product-market fit—as a 70% cheaper replacement for humans across support calls, appointment bookings, and restaurant reservations—driving the rise of an AI-native audio stack of tools like Cartesia (Index Ventures) for text-to-speech, Deepgram ($86M raised, Madrona Ventures) for speech-to-text, and Hamming ($750K raised, YC S24) for testing.

<ul><li>Salespeople were early adopters and that market continues to grow.</li><li>We definitely see this being an absolutely massive area.</li><li>Our approach generally is that we&#39;re experts on the model and our developer customers come to us to get the bleeding edge of video models.</li></ul>

Salespeople were early adopters and that market continues to grow.We definitely see this being an absolutely massive area.Our approach generally is that we&#39;re experts on the model and our developer customers come to us to get the bleeding edge of video models.

Hassaan Raza, CEO Of Tavus, On Building The AI Avatar Developer Platform

United States

AI-powered platform for users to edit audio and video content through text-based editing, transcription, and screen recording

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Descript (DESCRIPT US)

Primer: Descript - 25 Sep 2025

AI-powered platform for users to edit audio and video content through text-based editing, transcription, and screen recording

Sacra

ElevenLabs At $90M ARR

TL;DR: Sacra estimates that ElevenLabs hit $90M in annual recurring revenue (ARR) in October 2024, up 260% YoY. Now, the Adobe Creative Cloud of AI...

Sacra

Hassaan Raza, CEO Of Tavus, On Building The AI Avatar Developer Platform

What’s the big use case that you see driving adoption of AI replicas or talking head videos...

Sacra

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