SONGISTRY RAISES $5M USD, POSITIONING IT TO BECOME THE MUSIC INDUSTRY’S LEADING AI POWERED MUSIC LICENSING – EIN News
Songistry Inc., an AI-based music technology company, is pleased to announce the closing of a $5,000,000 USD capital raise.
As a fully funded company, we are planning to invest this capital directly into our IP and development roadmap including our flagship MDIIO platform as well as our newest product hyprAUDIO.”
— Justin Gray, Founder and CEO
LOS ANGELES, CALIFORNIA, US, June 9, 2022 /EINPresswire.com/ — Songistry Inc. (“Songistry” or the “Company”), an AI-based music technology company, is pleased to announce the closing of a $5,000,000 USD capital raise. The funding was based on a pro-forma $20 million USD valuation. This investment will allow Songistry to further advance the Company’s growth strategy allowing it to become one of the leading forces in the Music Sync Licensing Industry.
“This significant investment comes at a pivotal time,” says Justin Gray, Founder and CEO of Songistry. “As a fully funded company, we are planning to invest this capital directly into our IP and…
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source: https://news.oneseocompany.com/2022/06/09/songistry-raises-5m-usd-positioning-it-to-become-the-music-industrys-leading-ai-powered-music-licensing-ein-news_2022060921385.html
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