Spotify has acquired Niland.io, a Paris-based machine learning startup specialising in music search and recommendations. No terms for the deal were disclosed. The team from Niland.io will be joining Spotify’s New York R&D office where they will work on music discovery features. According to Spotify, Niland.io has “changed the game” for AI in search. “Over […]
Sweden’s Epidemic Sound, a platform for licensing music, has raised $1 million from Kichi Invest. The strategic investment, which will inform the company’s growth, values the company at $45 million. Lead investor Kichi Invest is the investment firm established by Fredrik Wester, CEO and cofounder of gaming company Paradox Interactive. Wester will be joining the […]
Spotify has acquired US blockchain startup Mediachain Labs, though no terms were disclosed. Mediachain Labs, headquartered in Brooklyn, has created a solution called the Mediachain protocol, via the blockchain, that links a creator’s content online with information about the creator. As part of the acquisition, Mediachain Labs will be joining Spotify’s New York office while […]
London-based Emoticast, a maker of apps that allow users to share music and entertainment content, announced that it has raised $5 million from several angel investors. The angels include tech and entertainment leaders, including Napster co-founder Sean Parker through Strangeloop Ventures, Black Eyed Peas co-founder will.i.am, the DJ David Guetta, former Maker Studios CEO Ynon Kreiz, Jason Epstein, Nicole Junkermann through Montilla International Corporation, and Alan Cannistraro.
Berlin’s Native Instruments has acquired LA-based Metapop, a platform for monetising remixes for creators and rights holders. No figures have been disclosed. Metapop’s proprietary platform helps rights holders find remixes of their content online and devise revenue sharing deals with the creators. Native Instruments makes hardware and software for music production. Matthew Adell, founder of […]
Berlin-based SoundCloud, a popular music sharing and streaming platform, announced that it has raised $70 million in debt financing. The credit comes from Ares Capital, Kreos Capital, and Davidson Technology.
UK-based Sentric Music has received an investment of £3 million from the Business Growth Fund (BGF) to help advance the music publisher’s international expansion plans. BGF is an independent company backed by five of the UK’s main banking groups – Barclays, HSBC, Lloyds, RBS and Standard Chartered.