Beatoven, founded by Mansoor Rahimat Khan and Siddharth Bhardwaj, caters to content creators by helping them generate royalty-free, inexpensive, easy-to-license, and creative music while also designing accessible editing features. The startup claims to have 1 million global users. According to the startup, 96% of its revenue comes from international markets. The funds will be used to accelerate Beatoven’s expansion in areas like as user experience and editing features.
Image source: Entrackr
Beatoven.ai, an artificial intelligence-powered music creation firm for video and podcast content makers, has raised $1.3 million (INR 11 crore) in a pre-Series A investment round headed by Capital 2B, with participation from IvyCap Ventures, Upsparks Capital, Rukam Capital, and a number of angel investors.
The business intends to use the new funds to accelerate its expansion in a variety of areas, including user experience. It will also use the funds to expand its personnel in research and development for music creation and composition.
In addition, the funds will be utilized to create a scalable go-to-market plan for reaching and acquiring new consumers on a global level.
Bengaluru-based Beatoven, founded by Mansoor Rahimat Khan and Siddharth Bhardwaj, launched in 2021, is an AI-powered music technology firm that works with YouTubers, commercial agencies, and wedding film production companies to produce original soundtracks. The technology also solves music purchasing and licensing issues for creators. caters to content creators by assisting them in creating royalty-free, economical, easy to license, and creative music while also offering accessible editing options. Furthermore, Beatoven intends to assist independent musicians through its artist-friendly data-sourcing platform, which has been recognized for its ethical methods.
According to Inc 42, Khan went on to say, “Within roughly a span of a year of launch, we have seen tremendous growth in our product, reaching 1 million users, with 96% of our revenues coming from global markets such as the US, Europe, and South Korea, as well as a presence for our product in 100+ countries.”
The startup claims to have 1 million global users. According to the startup, 96% of its revenue comes from international markets.
Users can utilize AI to provide suggestions for text-to-music synthesis, and the company is now testing multimodal inputs, which allow users to enter video/images, text, and audio references to build a closely matching music piece.
Beatoven also offers precise control over volume, instruments, and emotions. According to the business, it has already formed collaborations with over 200 artists and intends to further grow its network by working with at least 500 artists over the next 2-3 years.
