We wrote about startup Audioshake in July, and its AI-powered technology for deconstructing music tracks into stems – even if the original masters are not available. We also chose the company as one of our 60 startups to watch in our latest report (which you can find here). Now Audioshake has raised $2m of seed funding to continue building its technology and team.
VC firm Precursor Ventures led the round, with Wndrco also chipping in – the latter has also invested in Tracklib and Mixcloud in recent memory. Other investors include Peloton’s SVP of music Gwen Bethel Riley, Q&A president Suzy Ryoo, former RIAA boss Hilary Rosen, management firm Crush Music’s venture capital arm, and artists Brent Faiyaz and Rodney Jerkins. Quite the roster of industry expertise, in other words.
“While there are already many uses for stems today, we are moving into a world in which stems will become even more important, underpinning most of our future music experiences –from sync licensing, re-mixing, and mash-ups, to spatial or immersive audio, VR/AR, and gaming,” said CEO Jessica Powell. “And yet the vast majority of recorded music does not have stems…”