Music AI Secures $40M to Lead Ethical AI in Music

Music AI, a Salt Lake City-based company, is at the forefront of this revolution with its Moises platform, which leverages AI to provide musicians and enthusiasts with advanced music creation and editing capabilities. The recent $40 million Series A funding round marks a significant milestone in Music AI’s mission to lead the future of ethical AI in music.

Company Overview

Founded in 2019, Music AI has developed Moises, a platform that utilizes AI to offer a suite of tools for music creation, including stem separation, pitch and tempo control, and chord detection. These features empower users to interact with music in unprecedented ways, fostering creativity and accessibility. With a user base exceeding 50 million, Moises has become a popular tool among musicians, educators, and music enthusiasts worldwide.

Read also: OUTFINDO raises €1.2M to transform Online Shopping with AI-Powered Product Guidance

Funding Details

The $40 million Series A funding round was co-led by Connect Ventures—an investment partnership between Creative Artists Agency (CAA) and New Enterprise Associates (NEA)—and monashees, a prominent Brazilian venture capital firm. Additional participants included Kickstart, Samsung Next, Toba Capital, Valutia, and Pelion. 

Notably, music industry professionals such as Freddy Wexler, 3LAU, and Alexander23 also contributed to the round, reflecting a strong endorsement from within the music community.

Strategic Objectives

With the infusion of new capital, Music AI aims to:

• Enhance Platform Capabilities: Invest in research and development to introduce new features and improve existing ones, ensuring that Moises remains at the cutting edge of music technology.
• Expand User Base: Implement strategic marketing initiatives to reach a broader audience, including targeting emerging markets and diverse demographics.
• Promote Ethical AI Practices: Lead the industry in ethical standards for music using AI so that technological innovation would respect rights from artists and would positively influence the creative ecosystem.

Read also: Borderless AI raises $5M to launched HRGPT search engine

Innovative Technology

Moises harnesses advanced algorithms for AI, enabling users with high-powered manipulation of music tracks as follows:

• Separation of stems: the possibility to remove every component of the track, that is, separate the vocals from drums, bass, and other elements. This enhances the remix and practice.
• Pitch and Tempo Control: The possibility of making adjustments to a song’s key and speed in real time, while maintaining the audio quality, facilitates practice and performance preparation.
• Chord Detection: Automatically detects and displays chords from audio files. This feature serves as an educational tool for musicians who wish to learn new songs.

The above features are designed to be user-friendly and can be accessed across web and mobile platforms by professionals and amateurs alike.

Geraldo Ramos, Co-Founder and CEO of Music AI, expressed enthusiasm about the company’s trajectory, stating, “This investment is a testament to the hard work of our team and the trust our users place in us. We are committed to pushing the boundaries of what’s possible with AI in music, always with an ethical approach that respects and uplifts the artistic community.”

Investor Confidence

Caroline Broder, Partner at Connect Ventures, highlighted the potential of Music AI’s technology, noting, “Music AI is at the forefront of a significant shift in how music is created and experienced. Their commitment to ethical AI aligns with our values, and we are excited to support their vision.”

Read also: Prophecy raises $35M to Advance Low-Code Data Transformation Platform

Impact on the Music Industry

The advancements spearheaded by Music AI have the potential to:

• Empower Creators: Provide artists with innovative tools to experiment and produce music more efficiently, lowering barriers to entry and fostering diversity in musical expression.
• Enhance Learning: Offer educators and students resources to facilitate music education, making learning more interactive and accessible.
• Respect Intellectual Property: Set industry standards for ethical AI usage, ensuring that technological progress does not infringe upon artists’ rights but rather supports and amplifies their work.

Future Outlook

With considerable investor capital and a defined strategic direction, Music AI is set to continue to lead the sector in AI music technology. It aims to increase its workforce, improve the functionality of its platform, and seek collaborations suited to its vision of ethical AI in music.

Summary

Music AI, the company behind the Moises platform, has raised $40 million in a Series A funding round led by Connect Ventures and monashees. This investment aims to enhance the Moises platform, expand its user base, and promote ethical AI practices in the music industry.