TLDR: Music AI, the company behind the popular Moises app, has successfully raised $40 million in Series A funding. This significant investment, led by Connect Ventures and monashees, will fuel the expansion of its AI-powered tools and reinforce its commitment to developing ethical artificial intelligence solutions for the music industry.
Music AI, the innovative company renowned for its Moises platform, has announced the successful closure of a $40 million Series A funding round. This substantial investment is set to propel the company’s mission to lead the future of ethical AI in music, expanding its suite of AI-powered tools for creators worldwide.
The funding round was co-led by Connect Ventures, a strategic partnership between Creative Artists Agency (CAA) and NEA, and the prominent Brazilian venture capital firm monashees. Additional key investors include Samsung Next, Kickstart, Toba Capital, Valutia, Pelion, and Mindset Ventures. The round also saw participation from notable figures in the music industry, such as Steve Aoki, Freddy Wexler, 3LAU, and Alexander23, underscoring the industry’s confidence in Music AI’s vision and technology.
Moises, Music AI’s flagship product, has already achieved remarkable success, boasting over 50 million users globally and earning the prestigious title of Apple’s iPad App of the Year in 2024. The platform offers a multi-platform suite of AI tools designed to assist musicians, producers, and content creators with practice, creation, and collaboration. These tools encompass Music Information Retrieval (MIR) solutions like stem separation, chord recognition, key and beat detection, and music transcription. Furthermore, Music AI has expanded into generative solutions, including singing voice modeling and assistive music creation.
Central to Music AI’s strategy is its unwavering commitment to ethical AI development. The company emphasizes building solutions strictly trained on fully licensed content, ensuring creators are appropriately credited and compensated for the use of their work. Michael Blank, Managing Partner at Connect Ventures, affirmed this commitment, stating, “We are deeply committed to partnering with ethically led AI companies that appropriately credit and compensate creators for usage of their work. Music AI’s talent-friendly approach and unparalleled technology is helping them become the trusted and premier AI platform of the music industry.”
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Geraldo Ramos, CEO of Music AI, expressed enthusiasm about the future, stating, “Securing this Series A funding underscores the real-world impact our technologies have on the creative industry. We’re ready to advance our mission of making music innovation accessible to all, and we’re eager to explore new possibilities with a focus on practical applications.” This investment will enable Music AI to further its research, broaden its product offerings, and develop novel AI solutions for music production, continuing to empower human creativity through advanced technology.
