Revolutionizing Sound: Music AI Secures $40 Million in Series A Funding to Transform Music and Audio Technology

Music AI, an innovator in audio and music technology, has just raised $40 million in a funding round led by Connect Ventures—a partnership between Creative Artists Agency (CAA) and NEA—and Brazilian investor monashees. Other backers include Kickstart, Samsung Next, Toba Capital, Valutia, and Pelion, along with music industry figures like Freddy Wexler, 3LAU, and Alexander23.

This funding follows the success of Moises, Music AI’s popular app that has attracted over 50 million users worldwide and won Apple’s iPad App of the Year in 2024. Moises offers a suite of AI tools suitable for everyone, from beginners to top musicians and producers.

Launched in 2019 as an AI-driven app, Music AI has evolved into a key player in audio technology research. Its focus is on empowering creators and enhancing the overall audio industry with state-of-the-art AI solutions, including top-notch stem separation. This has positioned Music AI at the forefront of a new wave of audio tech.

Music AI is also working on advanced technologies in music, such as Music Information Retrieval (MIR). These include stem separation, chord recognition, and music transcription. In 2023, the company began delving into generative AI, exploring singing voice modeling and assistive music creation.

Moreover, Music AI is dedicated to ethical AI development, focusing on using fully licensed content to ensure creators are properly compensated while enhancing artistic expression.

KEY QUOTES:

“We are focused on partnering with ethically-led AI companies that properly credit and compensate creators for their work. Music AI’s talent-friendly approach and top technology make it a trusted platform within the music industry, empowering artists while enhancing the creative process.”

• Michael Blank, Managing Partner at Connect Ventures

“Latin America is a creative hotspot, and we’re excited to team up with Brazilian founders who are building a global company at the cutting edge of AI.”

• Eric Acher, co-founder and Managing Partner at monashees

“Music AI’s focus on on-device AI aligns with the future of technology, enabling faster performance and better privacy. Their innovative models and on-device capabilities enhance reliability and security across various devices while improving user experience.”

• Carlos Castellanos, investor at Samsung Next

“This Series A funding highlights the real impact our technologies have on the creative industry. We’re excited to continue our mission of making music innovation accessible to all and exploring new practical applications.”

• Geraldo Ramos, CEO of Music AI