19 March 2024 – In its pre-Series A round, AI music company Beatoven.ai received Rs 11 crore, or around $1.3 million, with the help of new investors IvyCap Ventures, Upsparks Capital, Rukam Capital, and other angel investors, in addition to its current backers Capital 2B and Entrepreneur First.
The firm states that the money raised will be used to accelerate Beatoven.ai’s expansion goals, which include creating editing options and enhancing music quality and accuracy to improve user experience.
Beatoven.ai, which Mansoor Rahimat Khan and Siddharth Bhardwaj founded, provides a number of cutting-edge features that enable producers to generate high-caliber music. In order to create a closely linked music track, users may now provide suggestions for text-to-music production. Additionally, multimodal inputs are currently being tested, allowing users to contribute text, photos, video, and audio references.
Conclusion
Content makers may use Beatoven.ai’s online application to create and modify music by accessing the platform’s extensive and diverse collection of mood-based songs across many genres. According to the platform, it has already partnered with more than 200 musicians and hopes to collaborate with at least 500 artists in the next two to three years to build this network.
