Triller, a Los Angeles, CA-based AI-powered music video platform, raised $28M in Series B financing.
The round was led by Proxima Media with participation from Silicon Valley veteran, Mahi de Silva, who will also assume the role of Triller’s chairman. As a founder, CEO, leader, board member, advisor, and investor, de Silva has guided companies from startup to Unicorn exits totaling over $10 Billion including VeriSign, Sonicwall, AdMarvel, Opera, Slam Dunk Networks, Noventis, and Looksery.
The company intends to use the new funds to accelerate continued growth and product enhancements.
Led by Mike Lu, CEO, and Bobby Sarnevesht, executive chairman, Triller is a premier destination for music sharing, content creation, and artist discovery in the music industry.
Its music licensing partnerships with top studios, including Warner Music Group, Sony Music Entertainment, and Universal, allow users to create content with an extensive catalog of music and share it across multiple social platforms, without the need to navigate licensing fees.
Triller also acquired UK-based MashTraxx, a machine learning platform for music and video editing, with nine patents. It will provide Triller users with editing tools to create and track shareable content.