Cyanite, a Berlin and Mannheim, Germany-based music AI startup, closed an an € 800,000 seed funding round.
The round was led by former finetunes founders Oke Göttlich and Henning Thieß with participation from Michael Shmilov (former COO of Viber), Patrick Joest (former EVP Global Content Partnerships & Sync at BMG), Lars Ettrup (CEO and co-founder of Linkfire, family office Lioncorn Capital and other tech business angels including Daniel Kondermann, Oliver Lesche, Andrea Kranzer, Edmund Ahrend.
The company intends to use the funds to further develop its solutions and expand operations and its business reach.
Launched in 2019 and led by Markus Schwarzer, CEO, Cyanite helps music companies to turn their catalogues into their own personal Spotify – powering music libraries with the simplicity, visibility, and functionality to perform how they and their users expect them to.
The company build AI-based analysis and recommendation solutions to tag and search music. This enables music, entertainment and advertising companies to deliver the right songs for their customers’ search queries.
Cyanite supports players in the music and advertising industry via API or no code solutions. Among the music companies using it are the production music libraries APM Music and Far Music (RTL), the radio station SWR, the music publishers Nettwerk, NEUBAU Music and Schubert Music, and the sound branding agencies amp sound branding, Universal Music Solutions, and Human Worldwide.
FinSMEs
14/08/2022