Everything you need to know:
✓ Beatoven.ai raises $1.3M in pre-Series A funding led by Capital 2B, IvyCap Ventures, and others.
✓ The AI music platform aims to enhance user experience and develop a scalable global strategy.
✓ With 1 million users, Beatoven.ai plans to expand its artist network to 500 within 2-3 years.
From startup to scaleup: Beatoven.ai’s $1.3M Funding fuel AI music innovation
In the ever-evolving landscape of content creation, a new disruptive force is emerging – one that promises to redefine the way we approach music and sound design. Beatoven.ai, an AI-driven music tech startup, has recently secured $1.3 million in pre-Series A funding, signaling a significant stride towards democratizing access to high-quality, royalty-free music for content creators worldwide.
The funding round, led by existing investors Capital 2B and Entrepreneur First, alongside new investors IvyCap Ventures, Upsparks Capital, Rukam Capital, and several prominent angel investors, has set the stage for Beatoven.ai’s ambitious growth plans. With a user base already spanning over 1 million creators across 100 countries, the platform is poised to take its innovative offerings to new heights.
Boring background music is a thing of the past.
At the forefront of Beatoven.ai’s mission is empowering content creators with the ability to generate unique, affordable, and easily licensable music tailored to their specific needs. Leveraging advanced AI music generation techniques, the platform enables users to compose mood-based tunes by simply inputting text prompts, selecting genres, emotions, and tempos. This groundbreaking approach not only streamlines the creative process but also opens up new avenues for artistic expression.
“We see immense opportunity in the market we are going after. Within roughly a span of a year of launch, we have seen tremendous growth on our product, reaching 1 million users with 96% of our revenues coming from global markets such as the US, Europe, and South Korea, as well as presence for our product in over 100 countries.”
Mansoor Rahimat Khan, Founder and CEO of Beatoven.ai
With fresh funding, Beatoven.ai is supercharging its AI music powers
With the freshly acquired funds, Beatoven.ai plans to double down on enhancing the user experience by continuously improving music accuracy, quality, and introducing intuitive editing features. The company is also committed to building a world-class team dedicated to research and development in music creation and composition.
Moreover, Beatoven.ai recognizes the importance of fostering a vibrant community of independent artists. The platform has already established partnerships with over 200 artists and plans to significantly expand this network by collaborating with at least 500 artists within the next two to three years. Through its artist-friendly data sourcing program, recognized for its ethical practices, Beatoven.ai aims to support and empower musicians while offering content creators access to a diverse range of sonic elements.
Amit Behl, Partner at Capital 2B, expresses confidence in Beatoven.ai’s potential, stating, “Beatoven.ai understands that building a successful Gen-AI music product requires a deep passion for music and audio technology, not just advanced AI models. Their organic user growth is a promising sign, and we are confident they can emerge as a leading consumer Gen-AI product from India.”
As the demand for compelling content continues to soar across various platforms, from YouTube to podcasts, indie games, and the metaverse, Beatoven.ai’s innovative solution couldn’t have arrived at a more opportune time. By democratizing access to high-quality, original music, the platform is poised to empower creators worldwide, elevating their storytelling capabilities and fostering a more immersive and engaging experience for audiences.
With its ambitious vision, innovative technology, and a dedicated team at the helm, Beatoven.ai is well-positioned to emerge as a global Gen-AI leader, redefining the boundaries of music creation and ushering in a new era of creative freedom for content creators across the globe.
