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 10 days ago
 Source: alleywatch.com

Audm Acquired by the New York Times to Turn Articles into Digital Audio

Quick Summary

Audm, the subscription app that turns long-form content into digital audio that is narrated by professional voice actors, has been acquired by The New York Times Company. The company also raised a follow-on round from Y Combinator, Hack VC, Precursor Ventures, and Switch Ventures. The entire Audm Team will be joining the Times team according to a statement released by the Times. Audm counts publishers such as The Atlantic, ProPublica, BuzzFeed, The New Yorker, Vanity Fair, and Rolling Stone as partners. The company currently trades at a $4.85B market cap and was at a 15-year high before the downturn related to Covid-19.

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