The Echo Nest Raises $7 Million For Music Personalization Platform

Leena Rao

Leena Rao is currently a Senior Editor for TechCrunch. She recently finished graduate school at the Medill School of Journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007, she helped lead Congresswoman Carloyn Maloney’s community outreach and relations efforts in New York City. She graduated from Columbia University in 2003, where she was... → Learn More

Tuesday, October 5th, 2010

The Echo Nest, a music intelligence startup, has raised $7 million in funding from Matrix Partners with Commonwealth Capital Ventures also participating in the round. This brings the startup’s total funding to over $9 million.

The Echo Nest’s music intelligence platform, which was created by two MIT Media Lab PhD students, intelligently interprets audio signals and can tell when a song belongs to the blues genre rather than a techno genre. And they can detect musical characteristics like tempos, transition types, and harmonies.

The startup’s technology powers music applications for developers in digital music who are looking to understand music content (10 million songs online, 3,000 new songs and 15,000 music reviews added online daily) and deliver knowledge around this music. The company’s suite of APIs allow for music discovery, interactive music games, remix apps and analytics-driven music marketing applications.

Echo Nest’s API is used by both Spotify and MOG to intelligently suggest music to users.

Company: The Echo Nest
Website: the.echonest.com
Launch Date: July 14, 2005
Funding: $25.6M

The Echo Nest is a music intelligence company that connects the greatest application developers to the best data and music to enable the next generation of music experiences. Powered by the world’s only machine learning system that actively reads about and listens to music everywhere on the web. The Echo Nest opens up a massive repository of dynamic music data to application developers ranging from one-person operations to multinational corporations. In addition to the most advanced music application development software...

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