Udio Raises $10M in Seed Funding

Udio

Udio, a NYC-based company that leverages AI to easily create extraordinary and original music, reportedly raised $10M in Seed funding.

The round was led by a16z, with participation from angel investors will.i.am, Common,┬áKevin Wall, Tay Keith,┬áSteve Stoute’sUnitedMasters,┬áMike Krieger┬á(Cofounder & CTO of Instagram) and Oriol Vinyals.

The company intends to use the funds to expand operations and its development efforts.

Founded by David Ding, Conor Durkan, Charlie Nash, Yaroslav Ganin, and Andrew Sanchez, Udio leverages proprietary AI to make it easy for anyone to create and share music. In a few steps, users type a description of the music genre they want to make, provide the subject or personalized lyrics, and indicate artists that inspire. In less than 40 seconds, Udio produces fully mastered tracks. Once a track has been created, users can further edit their creations through the app’s “remix” feature. This enables iteration on existing tracks through text descriptors, turning everyday creators into producers.

Once finished, users can then share their new creations with the app’s built-in community of music lovers, for feedback and collaboration.

FinSMEs

11/04/2024