Aimi, a Los Angeles, CA-based generative music platform, raised $20m in a Series B funding.
The round was led by Great Mountain Partners, with participation from Founders Fund.
The company intends to use the funds to introduce an operating system with novel programming language, a new suite of desktop tools for artist partners and aspiring producers, the latest version of the platform’s mobile app and more.
Led by President & CEO Edward Balassanian, Aimi offers listeners endless, bespoke experiences created by their favorite DJs and producers in collaboration with the platform’s artificial intelligence. Each of the dozens of Experiences currently offered by Aimi and its premium tier, Aimi+, features troves of an artist’s unreleased material, sonic ideas and motifs in the form of one composition that changes whenever the user presses play, reanimating to one’s own mood and real-time reactions.
Following its limited free period this fall, the premium service of Aimi+ will also shift to a paid model, using blockchain technology and smart contracts to administer royalties and revenue to all artists utilizing the platform.
FinSMEs
21/11/2021