# Neutune Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/neutune-co

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.neutune.com
- Latest round: Seed (Nov 18, 2021)
- Investors on record: 2

## About

Based in Seoul, South Korea, Neutune Co., Ltd. specializes in advanced AI technology solutions for the music industry, enhancing the creative process for music creators through innovative tools and services.Neutune Co., Ltd. was founded in 2020 in Seoul, South Korea, focusing on AI-driven solutions for the music sector. The company has successfully completed 4 deals, with its most recent funding round occurring in December 2024, where it raised KRW 2 billion in pre-Series A funding led by InterVest. The founders, Seungsoon Park and Taewan Kim, alongside CEO Jongpil Lee, have a vision to advance music technology and cater to a growing client base.Neutune Co., Ltd. specializes in advanced AI technology solutions tailored for the music industry, focusing on enhancing the creative process for music creators. Their core offerings include MixAudio, an AI-powered music engine that generates original music in real-time, along with various audio assets designed to refine musical expressions. The company provides an extensive suite of creative tools, including music search, combination, and composition technologies, beneficial for musicians and content creators across gaming and streaming media sectors. Neutune operates in significant global markets such as North America and Europe, serving independent artists, music producers, and media companies.The revenue model for Neutune is based on subscriptions and direct-to-consumer sales, facilitating access to their innovative music technologies. Clients, including individual musicians and larger media enterprises, utilize their flagship product, MixAudio, which generates adaptive music experiences. The pricing structure accommodates various user levels, offering a pay-per-use model for individual creators and partnership agreements for larger clients involving bulk licensing and distribution rights. Proprietary technologies, including Blockmusic AI, play a crucial role in efficient music distribution and royalty management, enhancing overall revenue generation.In December 2024, Neutune Co., Ltd. raised KRW 2 billion in pre-Series A funding led by InterVest. The company plans to utilize this funding to enhance its AI music technology, expand its global presence, and launch new tools for sound analysis and MIDI extraction. Specific markets targeted for growth include further expansion in North America and Europe, with the aim to introduce new products and services within the upcoming year.

## Funding rounds

- Seed, Nov 18, 2021 — Shinhan Capital, Kakao Ventures

## Investors

- Shinhan Capital (https://capitalatlas.ai/funds/shinhan-capital) — Seed
- Kakao Ventures (https://capitalatlas.ai/funds/kakao-ventures) — Seed