Audioshake emerged in 2021 as a startup using AI for a very specific musical use: creating stems from tracks even if the original recordings were not available.
Now the company has raised its latest round of seed funding: $2.7m led by VC firm Indicator Ventures. Some musical names are involved too: Black Squirrel Partners, founded by Metallica, is an investor, as are music publisher peermusic; Audius CEO Roneil Rumburg; S-Curve Records CEO Steve Greenberg; and management firm Crush Music’s Crush Ventures fund.
Audioshake said it will spend the money on growing its research and engineering teams, as well as training its AI model. The startup previously raised $2m of seed funding in October 2021, and talked to Music Ally in February 2022 about its plans.
“We genuinely believe that so many future music experiences are going to be built on this idea that all content, not just music, is going to be atomised,” CEO Jessica Powell told us. “Content is going to get mashed up, it’s going to get pulled apart, and that is going to drive all different kinds of engagement.”
Stems being, of course, a key driver for that.
Music Ally’s next Learn Live webinar will help you understand what’s required for artists to thrive in new international markets!