Udio raised $10 million in a seed funding round led by Andreessen Horowitz (a16z) and angel investors to launch an AI-powered music-making app with backing from will.i.am, Common, UnitedMasters
Apr 10, 2024•over 1 year ago
Amount Raised
$10 Million
Round Type
seed
Investors
Tay KeithKevin WallOriol VinyalsMike KriegerA16zUnited MastersCommonWill.I.Am
Description
Udio, an AI-powered 'instant' music-making app, raised $10 million in seed funding. The funding round was led by Andreessen Horowitz (a16z) and angel investors, and also had backing from will.i.am, Common, UnitedMasters, and other prominent musical artists.
FundzWatch™ Score
66
Medium Activity
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech