Udio, a New York-based startup, has launched an AI-powered music-making app with $10 million in seed funding.
Investors
The round was led by a16z, with participation from angel investors including will.i.am, Common, Kevin Wall, Tay Keith, Steve Stoute’s UnitedMasters, Mike Krieger (Cofounder & CTO of Instagram), and Oriol Vinyals.
Andreessen Horowitz (a16z), headquartered in Menlo Park, California, is a venture capital firm with $35 billion in assets under management. They invest in seed to venture to growth-stage technology companies across various sectors, including AI, bio + healthcare, consumer, crypto, enterprise, fintech, games, and companies contributing to American dynamism.
About Udio
Udio builds AI tools to enable the next generation of music creators. It allows users to create music from simple text prompts by specifying topics, genres, and other descriptors, which are then transformed into professional-quality tracks. The app offers users the flexibility to edit and remix their creations, fostering collaboration and feedback within its built-in community of music lovers. As an organization, Udio is deeply committed to empowering artists and works alongside some of the most brilliant and creative artists in the music industry.
Funding Details
Company: Udio
Raised: €18.0M
Round: Unknown
Funding Month: April 2024
Lead Investors: a16z
Additional Investors: will.i.am, Common, Kevin Wall, Tay Keith, Steve Stoute’sUnitedMasters, Mike Krieger, Oriol Vinyals
Company Website: https://www.udio.com/
Software Category: AI Music
Source: https://www.musicbusinessworldwide.com/new-ai-powered-instant-music-making-app-udio-raises-10m-launches-with-backing-from-will-i-am-common-unitedmasters-a16z/