Music AI, the pioneering force behind the Moises music creation platform, has successfully raised a significant million in Series A funding. This round was spearheaded by Connect Ventures and New Enterprise Associates (NEA), along with Brazilian investor monashees. The investment underscores the growing impact of Music AI's technology on the creative industry, particularly its mission to make music innovation accessible to everyone. With 50 million registered users globally and recognition as Apple's iPad App of the Year in 2024, Moises continues to expand its user base and enhance its offerings. The company plans to introduce new products in Q1, including generative stems for music co-creation and real-time stem separation.
Music AI is dedicated to transforming the music creation process through advanced tools that cater to musicians, producers, and content creators worldwide. The company's flagship Moises platform now boasts 50 million registered users, marking a substantial 66% increase from April 2023. Apple acknowledged this achievement by naming Moises the iPad App of the Year in 2024. The platform offers an array of music information retrieval tools, such as stem separation, chord recognition, key and beat detection, and music transcription. Since 2023, it has also introduced generative AI capabilities like singing voice modeling and assistive music creation, enabling artists to license and sell their voices.
Music AI's commitment to ethical AI solutions sets it apart from other providers. The company strictly trains its models on fully licensed content, ensuring fair compensation for creators. CEO Geraldo Ramos emphasized the importance of sustaining steady innovation to enhance and expand human creativity. In addition to these efforts, the company is preparing to launch new products in Q1, including generative stems for music co-creation and real-time stem separation for in-device processing. These innovations will allow users to generate complementary instruments from initial inputs, such as guitar and vocals, and offer embedded solutions for businesses, further enriching the creative process.
The Series A funding round highlights Music AI's dedication to advancing practical applications of AI in the music industry. Investors, including Connect Ventures and NEA, recognize the company's talent-friendly approach and unparalleled technology. Michael Blank, Managing Partner at Connect Ventures, praised Music AI for partnering with ethically led companies that appropriately credit and compensate creators. The company's focus on ethical AI solutions ensures that creators are fairly compensated for their work, fostering trust and collaboration within the industry.
Beyond ethical considerations, Music AI is pushing the boundaries of embedded technology. Carlos Castellanos, an investor at Samsung Next, highlighted the company's commitment to on-device AI, which allows models to run directly on hardware for faster performance, better privacy, and reduced cloud dependency. This capability enhances reliability, security, and scalability across various devices, including smartphones, smart TVs, and connected gadgets. Additionally, Music AI has formed strategic partnerships with Audible Magic and SourceAudio to offer audio track separation and identification services, further expanding its reach and impact. The company also collaborated with Vultr to accelerate AI training in North America, solidifying its position as a leader in the music tech space.
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