Music app developer Smule has announced a $12 million funding round, led by Shasta Ventures with Granite Ventures and Bessemer Ventures participating. The funding follows an $8 million round in December 2009, and before that two rounds of $1.6 million and $3.9 million – $25.5 million raised so far in all. “Based on evidence we are seeing which validates our business model and market opportunity, our management and board concluded we needed to take more aggressive steps to dominate the burgeoning market for mobile social music,” says CEO Jeffrey Smith. Smule is the company behind apps like I Am T-Pain, Ocarina, Glee Karaoke and MadPad.
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,…