Thus far, CastBox has raised $16 million in funding. Its most recent round was $12.8 million in Series A funding, which Wang said she plans to put toward marketing, hiring engineers, and producing original content.
CastBox is available as an iOS and Android app. In addition to the new audio search option, it also offers discovery features, with a recommendation engine based on individual search histories and listening preferences. The company is expected to add original content to its programming this quarter, and will also add a premium option with extra features for monetization.
CastBox is the latest podcasting upstart on our radar. Other companies are also pursuing the audio search technology, such as Audiosear.ch, and some are focused just on discovery, such as Listen Notes.