Lyrics-focused mobile app MusiXmatch has raised $3.7m of new funding from existing investors Micheli Associati and Paolo Barberis.
The company has also announced that the app has reached the 10m users milestone, and trailed a move beyond music into second-screen TV apps.
That 10m figure relates to total downloads so far rather than active users, with the company currently generating 1m new downloads a month.
MusiXmatch’s announcement notes that “the majority of users come from Android handsets, although iPhone numbers are growing exponentially”, and adds that its users are notching up more than 40m app sessions a month.
40% of its users are in the US, while Asia, South Korea and Japan are accounting for 30% of the service’s traffic. Its Spotify app also racked up more than 1.5m hours of streaming in December 2012.
MusiXmatch’s speciality is detecting songs and then synchronising lyrics. So what is it planning to do with the $3.7m funding round?
“We are now aiming at the second screen & TV experience, and we are going to announce something very cool during the next World Mobile Congress in Barcelona,” says CEO Max Ciociola in a statement.
The company, which currently has offices in Italy and the UK, is also planning to expand to New York and Asia.
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,…