Reduct is a video editing software for creative teams. It uses artificial intelligence and natural language processing techniques to transcribe video footage automatically. The transcription is tied to the video, and users can edit the video by editing the transcribed text. Furthermore, key moments in videos can be discovered using a text search and shared as highlight reels. The tool is being used by companies such as Intuit, Autodesk, Facebook, Dell, and Spotify.
In February 2021, the company raised USD 4 million in funding led by Greylock and South Park Commons. In addition, the round included participation from individual investors such as Dylan Field (CEO, Figma), Armando Mann (Chief Business Officer, Hopin), and former Twitter exec Elad Gil.
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