# Musiio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/musiio

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.musiio.com
- Total disclosed funding: $1.5M
- Latest round: Series A (Jul 15, 2020)
- Investors on record: 7

## About

Musiio, based in Singapore, offers AI-driven solutions for the music industry, focusing on advanced music tagging and classification to enhance music discovery for labels and streaming services.Founded in 2018, Musiio operates in Singapore and specializes in AI solutions for the music sector. The company was acquired by SoundCloud Global Limited & Co. KG in May 2022, which enhances its music intelligence capabilities. Musiio has completed 3 deals to date, with the most recent funding round being a Series A that raised USD 0.520 mn, bringing the total amount raised to USD 0.520 mn and a current valuation of USD 4.038 mn.Musiio focuses on providing advanced AI solutions specifically for the music industry. Their key product is a music tagging and classification platform that utilizes AI to effectively analyze and categorize audio tracks. This service is essential for music labels, streaming services, and content creators to optimize music discovery, playlist curation, licensing, and marketing. Musiio's clientele spans North America, Europe, and Asia, including music publishers and digital streaming platforms, addressing the complexities of managing extensive music catalogs and enhancing user engagement through tailored recommendations.In the most recent year of 2023, Musiio generated revenue of USD 1,199,031.50, with an EBITDA of USD -389,606.60. The company's revenue model is subscription-based, offering tiered pricing plans that allow clients to access their AI services on a monthly or annual basis, catering to various needs from advanced tagging to analytics.Musiio plans to utilize recent funding to enhance its product offerings and expand into new geographic markets. The acquisition by SoundCloud is expected to accelerate the development of new features and services that align with evolving music trends identified through data analytics. Additionally, Musiio aims to strategically enter new markets in Europe and Asia by the end of 2024, leveraging SoundCloud’s extensive network for growth.

## Funding rounds

- Series A, Jul 15, 2020, $0.5M — Wavemaker Partners, Entrepreneur First, SGInnovate, Aletra Capital Partners, Endeavour Ventures, Apsara Investments
- Seed, Jul 5, 2019, $1M — Wavemaker Partners, Entrepreneur First, Exponential Creativity Ventures, SGInnovate, Aletra Capital Partners, Apsara Investments

## Investors

- Wavemaker Partners (https://capitalatlas.ai/funds/wavemaker-partners) — Seed, Series A
- Entrepreneur First (https://capitalatlas.ai/funds/entrepreneur-first) — Seed, Series A
- Exponential Creativity Ventures (https://capitalatlas.ai/funds/exponential-creativity-ventures) — Seed
- SGInnovate (https://capitalatlas.ai/funds/sginnovate) — Seed, Series A
- Aletra Capital Partners (https://capitalatlas.ai/funds/aletra-capital-partners) — Seed, Series A
- Apsara Investments — Seed, Series A
- Endeavour Ventures (https://capitalatlas.ai/funds/endeavour-ventures) — Series A