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