Musical AI, a genAI music rights startup, has secured $2.1 million CAD (approximately $1.5 million) in funding, led by Canadian venture capital firm Build Ventures and supported by various angel investors. The company plans to launch an additional seed funding round in the first half of the year.

The platform serves as a marketplace connecting AI companies with music rights holders, including partners like Symphonic Distribution, Kanjian, and Beatoven. What sets Musical AI apart is its advanced technology that analyzes AI-generated music outputs to accurately distribute revenues among original music input creators.

Key Features:

• Attribution technology for AI-generated music
• Revenue sharing system based on input analysis
• Monitoring and takedown capabilities for rights holders
• Licensed data access for AI companies
• Usage tracking for generated outputs

"Generative AI will need attribution, and we're the first to master it and provide a secure platform that implements it along with industry-accepted revenue sharing," explains Matt Adell, Musical AI COO and former Beatport head.

Sean Power, Musical AI CEO, emphasizes the importance of sustainable and ethical AI training through proper attribution, positioning Musical AI as the pioneer in audio space attribution technology.

The platform enables rights holders to maintain control over their works while providing AI companies with legitimate access to licensed content, creating a balanced ecosystem for the future of AI-generated music.

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