Music AI, a developer of synthetic intelligence for music and audio, introduced Wednesday it raised $40 million in a funding spherical led by Join Ventures, a partnership between CAA and enterprise capital agency NEA, and Brazilian investor monashees, which additionally participated in Music AI’s seed round.
Different contributors within the funding spherical embody Kickstart, Samsung Subsequent, Toba Capital, Valutia, Pelion and such music business professionals as songwriter/producer Freddy Wexler, DJ/producer 3LAU and singer/songwriter Alexander23.
“Securing this Sequence A funding underscores the real-world influence our applied sciences have on the artistic business,” Geraldo Ramos, CEO of Music AI, mentioned in an announcement. “We’re able to advance our mission of constructing music innovation accessible to all, and we’re desirous to discover new potentialities with a deal with sensible purposes.” Based by Ramos, Eddie Hsu, and Jardson Almeida, Music AI has a group of over 90 collaborators within the U.S., Brazil and Europe.
Some AI corporations have run into authorized issues from music rights homeowners intent on stopping unauthorized use of their recordings and musical works to coach generative AI fashions. Suno and Udio, as an example, had been sued within the U.S. by the main labels for copyright infringement in June 2024, and Suno was sued on Monday by German performing rights group GEMA in a Munich regional courtroom. Music AI distances itself from these controversies, calling its merchandise “moral AI options” for the artistic course of akin to stem separation, voice transfers, lyric transcription and mixing and mastering. The corporate’s applied sciences, together with Music.ai and Moises.ai, have over 50 million customers.
“We’re deeply dedicated to partnering with ethically led AI corporations that appropriately credit score and compensate creators for utilization of their work,” Michael Clean, managing accomplice at Join Ventures, mentioned in an announcement. “Music AI’s talent-friendly strategy and unparalleled know-how helps them change into the trusted and premier AI platform of the music business. Past empowering artists, Moises enhances the artistic course of for musicians, producers, and content material creators worldwide for apply, creation, and collaboration.”
Samsung Subsequent is eager about Music AI’s fashions’ capability “to run straight on {hardware} for quicker efficiency, lowered latency and lowered cloud dependency,” mentioned Carlos Castellanos, investor at Samsung Subsequent. “Their proprietary fashions, third-party integrations, and on-device AI capabilities guarantee reliability, safety, and scalability throughout smartphones, good TVs, and different related gadgets—all whereas elevating the end-user expertise with cutting-edge options.”
