Splice gets $55 million for its software bringing beats from bedrooms to bandstands
Splice, an AI-infused, beat-producing music producers tech service founded by the GroupMe founder based in New York, succeeded in sampling another $55 million in investor funding for its wildly successful service.
The hotbed for music makers from Hook N Sling to Mr Hudson, SLY and Steve Solomon, to Megan Rose Dickey of TechCrunch, Splice has been able to help electronic dance developers preserve, upload, collaborate and remix music.
The brand has become famous from djs to the Goldman Sachs boardroom when the financial services giant enters MUSIC, a joint partnership that operates the last $55 million company, between the music executive Matt Pincus and the luxury financial services group Liontree.
Past investors include USV, True Ventures, DFJ Development and Flybridge.
"The process of making music undergoes a digital revolution.
Artists are focusing on technologies to provide a user-friendly, collective and accessible music platform," said Stephen Kerns, a VP with Goldman Sachs’ GS Growth, in a statement. "Splice is at the forefront of the transition with 4 million users and is loved by the artists' community.
We're excited to work with Steve Martocci and his Splice team."
Splice funding follows an extremely acquisitive 2020 for this venture, which bought Audiaire and Superpowered music technology firms.
Splice has also selected Kakul Srivastava, vice-president of Adobe Creative Cloud Insight and Collaboration for its Board of Directors as well as funding.
The finance news carries on from Splice's previous purchases of Audiaire and Superpowered music firms, providing more opportunities to boost and encourage audio and music production.
Splice is also happy to announce Kakul Srivastava's inclusion in the board of directors.
TechCrunch Disrupt Steve Martocci in 2016.
Photo Credits: Getty images
Splice's beefed up balances come as competitors have begun to fight for a majority of the music industry of Splice.
There are businesses like Native Instruments, a hardware manufacturer that opened the Sounds.com marketplace last year, and Arcade by Performance also has an equivalent service.
In the meantime Splice continues to invest in innovative technologies to facilitate the lives of farmers.
In November 2019 it launched its artificial intelligence product, which enables manufacturers to compare samples of various genres using machine learning techniques.
Splice teaches AI to double users to sell related sounds
"My job is to inspire as many people to create as possible," Steve Martocci, founder and CEO of Splice, told TechCrunch.
This is another victory for the serial contractor who famously sold his chat application Group.Me to Skype for 85 million dollars a year just after start of the TechCrunch Disrupt Hackathon.