We’ve been writing about British startup Audoo since 2019, when it emerged as a company trying to help collecting societies.
British music tech startup Audoo’s Audio Meters are small devices that plug into the wall, recognise what music is playing, and provide data that aims to gives a more accurate insight onto which songs are being heard in business premises.
A new initiative in the UK is hoping to make sure public performance royalties are paid out more accurately.
There is growing interest among collecting societies in using more technology to monitor the music being played in businesses and public spaces.
British music startup Audoo is putting together quite the supergroup of investors. Sir Paul McCartney’s MPL Ventures is an investor in its Series B round.
British startup Audoo has been winning friends in the industry with its technology for accurately tracking the music played in public venues and businesses, and reporting it to collecting societies. […]
British startup Audoo has raised a Series A funding round of £5.2m (around $6.9m) to continue developing and rollout out its technology to track public performance usage of music.
The round was raised in 10 weeks from investors including Edinv, Björn Ulvaeus and Tileyard London. The funding follows Audoo’s win at the Midemlab startups contest earlier this summer.
The company makes an ‘audio meter’ that, once installed in a public venue (for example a gym, cafe or pub) tracks the music being played, and feeds that data back to collecting societies.
Solfeg·io, Super Hi-Fi, Audoo and Uptune have been named as the winners of this year’s Midemlab startups contest, held as part of the Midem music industry conference.
Like the conference, Midemlab was an entirely-online affair, with the pitches of all 20 finalists broadcast this afternoon, followed by the announcement of the winners.
Music Ally is a partner for Midemlab – we help to choose the finalists – so naturally we were watching the pitches and taking notes.
They’re below: first for the four winners, and then for the other finalists. It’s a good snapshot (alongside our recent coverage of the Techstars Music demo day) of 2020’s best music startups.
Audoo is a British startup that has launched technology for monitoring music played in public spaces, in order to ensure the proper performance royalties are paid.
The company has just raised £1.5m (just over $1.9m) in its latest funding round, with investors including Tileyard London – the fast-growing music hub into which Audoo will soon move its office.
“What Audoo are creating finally offers true and fair insight across the music industry […] We’re proud to have invested in such an entrepreneurial business, and cannot wait to have the team here at Tileyard within our thriving creative community,” said Tileyard London founder Nick Keynes in a statement.
British music/tech startup Audoo has launched an equity crowdfunding campaign, in which it will attempt to raise $250k of funding at a valuation of £6m. CEO Ryan Edwards launched the campaign last night […]
London’s Abbey Road Studios has two new startups under the wing of its music/tech accelerator Abbey Road Red. MyPart from Israel is the latest startup using AI technology to analyse songs. For […]
Audoo is one of the startups trying to ensure musicians get paid the royalties due to them – in its case, by developing tech to monitor music usage with a device […]