TuneSat LLC, a New York City-based audio fingerprinting technology company that enables music rights holders to track the usage of their music on TV and the Internet, has raised over $6m in funding.
The round was led by General Electric Pension Trust, with participation from Scott Jones, Founder and CEO of ChaCha and former CEO and Chairman of Gracenote, and other existing investors.
In conjunction with the funding, Scott Jones and Carlos Monfiglio of GE Asset Management will join TuneSat’s Board of Directors.
The company intends to use the funds to expand its services globally.
Founded by composers and producers CEO Scott Schreer and Chris Woods, TuneSat provides rights holders with near-real time visibility into when and where their music is being performed on TV and the Internet. It monitors more than 200 channels in the US, UK, France, Germany and Italy, and millions of websites across the globe to ensure that content owners are properly paid for licensed music.