AI music tech firm Cyanite secures €800,000 in seed funding
German music AI startup Cyanite has closed an €800,000 (£673k) seed round to further expand its AI-based solution for the music industry.
The investment round was led by former finetunes Founders Oke Göttlich and Henning Thieß. Other experienced music and tech experts, such as Michael Shmilov (former COO of Viber), Patrick Joest (former EVP Global Content Partnerships & Sync at BMG), as well as Lars Ettrup (CEO and Co-founder of Linkfire) support the round with their deep market expertise.
In addition, family office Lioncorn Capital and other tech business angels (Daniel Kondermann, Oliver Lesche, Andrea Kranzer, Edmund Ahrend) invested in this round. The round builds on earlier investments in which BWM GmbH also participated.
The investors support Cyanite’s vision to provide the entertainment and advertising industries with an AI-powered universal music intelligence capable of finding the objectively appropriate music for any desired emotional target – be it for advertising, movies, podcasts or playlists.
At a time when competitors such as Musimap, Musiio and Musicube have been acquired by larger companies, Cyanite continues to actively pursue its ambitious vision and multiple solutions for the music industry.
Cyanite was launched in 2019 with the purpose of connecting everyone with the right music at the right time. The AI is used by different leading music rights holders, music tech companies and brand agencies to gain deeper insights and understanding about individual songs. Cyanite makes it easy for them to take control of their repertoire by offering intuitive AI solutions that provide better ways to sort, search, and match songs.
Markus Schwarzer, CEO, Cyanite, said: “The investment demonstrates the excitement in the worlds of music and technology about our objective of making it possible for any input – be it keywords, sounds, free text, or images – to be understood by AI and translated into music.
“Our investors recognise that we are closing in on our goal, and that trust shows us that we are in the right place at the right time. At this time when competing companies are being bought out, we’re excited to continue our journey towards creating a universal intelligence that understands, indexes and recommends the world’s music.”
Investment round leader Oke Göttlich, former finetunes Founder, said: “I am excited to be a part of Cyanite’s future. They have the right team and a strong plan for the future that has the potential to shape the music recommendation of tomorrow.“