Moises raises $8.65 million to help musicians harness AI technologies
The top-rated app ranked #1 on the App Store and is used by over 20 million people.
Salt Lake City, UT – Moises, the startup behind the chart-topping music app that provides an AI-powered platform to separate the parts of a song, announces the closing of an 8 round, $65 million. The cycle was co-directed by Start-up fundsUtah’s most active seed fund, and Monashees, a leading Brazilian investor, with participation from Norwest, Toba Capital, Alumni Ventures, Goodwater and Valutia.
Moises is a music technology company focused on the research, development and distribution of artificial intelligence technologies in the field of music and creation. Moises’ suite of technologies powers its award-winning app which allows musicians to isolate or remove parts of a song, such as vocals and guitars, recognize chords, transcribe lyrics, and detect beats. This provides a solution to a problem that Geraldo Ramos, co-founder and CEO of Moises, faced as an amateur drummer looking for better ways to train.
“Moises makes the magic of music a reality,” said Jordan Rudess, Grammy Award winner and world-class musician, who recently became Moises’ first brand ambassador.
Moises is headquartered in Salt Lake City, Utah and embraces the concept of hybrid working. The company currently has over 50 employees, mostly split between Salt Lake City and João Pessoa, Brazil, where the company established a hub earlier in 2021.
The company’s musician-focused app currently has over 20 million registered users and is localized into 33 languages. Over the years, the app has ranked #1 in the US App Store and other major countries.
“Our mission is to leverage technology to empower people to reach their full creative potential,” Ramos said. The company recently rolled out a new songwriting assistant tool to help musicians create music using AI. “It’s like Grammarly for musicians,” Ramos added.
The funds will help expand the startup’s operations and invest in new products. “While Moises is best known for its suite of tools for musicians, the scope of the business is much broader as we aim to lead a new generation of AI technologies and become a service provider for music. industry,” says Ramos.
The money from the round will also help Moises research new algorithms and expand B2B partnerships, as big players are already testing the Moises API in the industry. “We intend to help advance the music industry by adding new value for the entire ecosystem, including music labels, publishers, distributors and, most importantly, musicians. “, Ramos said.
About the founders of Moises
Geraldo Ramos hails from the northeast region of Brazil and started his first tech company there when he was 16, which he later sold when he was 26. He then launched a web and mobile development boutique, and in 2012 that venture took him to New York. focus on business development, eventually making its foray into the United States. The development store produced a spin-off called HackHands, an online technology mentoring platform for computer programmers and coders. He then sold the company in 2015 to Pluralsight. Ramos moved to Utah to continue with Pluralsight but left to launch Moises in late 2019 with co-founders Eddie Hsu, COO, and Jardson Almeida, CDO. Ramos met Hsu in Brazil, while he met Almeida in San Francisco. The three founders are from the northeast region of Brazil.
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