# Aiva Technologies SARL

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aiva-technologies

- Industry: Software
- Headquarters: Luxembourg, Luxembourg
- Website: www.aiva.ai
- Total disclosed funding: $0.8M
- Latest round: Seed (Dec 14, 2017)
- Investors on record: 1

## About

Aiva Technologies SARL specializes in AI-driven music generation, utilizing advanced algorithms to create original soundtracks for diverse applications, including film, gaming, and media production.Founded in 2016 in Luxembourg, Aiva Technologies SARL develops AI-driven music composition solutions. The company successfully raised EUR 1.5 mn in Seed funding on June 11, 2020, led by NetEase.com, Inc. The CEO, Anshad S. and Pierre Barreau, have backgrounds in technology and entrepreneurship.AIVA Technologies SARL's flagship product is the AIVA (Artificial Intelligence Virtual Artist) platform, which generates original music using sophisticated algorithms. It serves clients in film scoring, video games, and personalized media. AIVA operates in North America, Europe, and parts of Asia, addressing the demand for unique and royalty-free music solutions while significantly reducing production costs and time.AIVA Technologies generates revenue through a subscription model for its platform, offering various pricing tiers for individual creators and organizations. This structure facilitates transactions with content creators needing original soundtracks, supported by partnerships with distribution platforms that enhance revenue opportunities.Aiva Technologies plans to leverage its Seed funding of EUR 1.5 mn from June 2020 to enhance its product offerings and expand into new markets, particularly targeting regions in Asia and North America. The company is currently designing new features for the AIVA platform, aiming for a product release in late 2023, enhancing its appeal to content creators seeking innovative music solutions.

## Funding rounds

- Seed, Dec 14, 2017, $0.8M — Kima Ventures

## Investors

- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Seed