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Udio raised $10 million in a seed funding round led by Andreessen Horowitz (a16z) and angel investors to launch an AI-powered music-making app with backing from will.i.am, Common, UnitedMasters

Apr 10, 2024over 1 year ago

Amount Raised

$10 Million

Round Type

seed

New YorkInformation TechnologyArtificial IntelligenceMusic

Investors

Tay KeithKevin WallOriol VinyalsMike KriegerA16zUnited MastersCommonWill.I.Am

Description

Udio, an AI-powered 'instant' music-making app, raised $10 million in seed funding. The funding round was led by Andreessen Horowitz (a16z) and angel investors, and also had backing from will.i.am, Common, UnitedMasters, and other prominent musical artists.

Company Information

Company

Udio

Location

New York, New York, United States

About

Udio is an AI-powered 'instant' music-making app designed to make music creation as easy as possible, enabling users to generate a mastered track in under 40 seconds.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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