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, 2024•over 1 year ago
Amount Raised
$10 Million
Round Type
seed
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.
Funding Insights
Based on industry dataVC-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