US firm Ecast has announced a new $17 million round of funding, which it will use for the continued growth of its network of connected digital jukeboxes. LG Electronics is a new investor, along with the company’s previous VC backers who all chipped in to the new round. Ecast has jukeboxes in 10,000 bars and clubs in the US, allowing people to pick songs while serving more than a billion ads a month. UMG, Sony and WMG all make their catalogues available through the jukeboxes. Ecast has so far raised more than $80 million – shouldn’t it be turning a profit by now?
Tools: platforms to help you reach new audiences
Tools: Kaiber
In the year or so since its launch, AI startup Kaiber has been making waves,…