With the help of new investors IvyCap Ventures, Upsparks Capital, Rukam Capital, and other angel investors, as well as current backers Capital 2B and Entrepreneur First, the AI music startup Beatoven.ai has raised Rs 11 crore, or roughly $1.3 million, in its pre-Series A round.
The company says the money will be used to accelerate Beatoven.ai’s growth plans, which aim to improve music quality and accuracy while also designing editing features to improve the user experience.
Beatoven.ai, founded by Siddharth Bhardwa and Mansoor Rahimat Khan, provides a variety of cutting-edge features that enable producers to produce high-caliber music. In addition to testing multimodal inputs, where users can input text, images, video, and audio references to create a closely aligned music track, users can currently input prompts for text-to-music generation.
Content creators can utilize Beatoven.ai’s web application to create and modify music by accessing the platform’s extensive and diverse collection of mood-based songs across various genres.
According to the platform, it has already partnered with more than 200 artists and, in the next two to three years, it hopes to work with at least 500 artists to build this network.
