US firm TuneSat has announced a $6 million funding round led by General Electric Pension Trust, along with former Gracenote boss Scott Jones. The company’s main service is audio fingerprinting of songs played by broadcasters and websites, used by rightsholders including Universal Music Publishing Group, SESAC and Imagem Production Music. The company plans to hire more staff and continue developing its platform with the cash, with CEO Scott Schreer telling Billboard that online is an important new area of business. “There are hundreds of millions of web pages that are streaming some type of content,” he says.

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