Last updated on June 28th, 2023 at 02:17 pm
PRESS RELEASE
Cyanite announces new investors to support vision of universal music translation
New investment round fuels Cyanite’s goal to develop universal intelligence that understands, connects, and recommends the world’s music
Berlin, July 27, 2022 – Cyanite, a tech company with various solutions in AI-powered music tagging and search, has closed an investment round with leading entrepreneurs from the music and technology industries. The goal is to sustain the company’s vision of universal music translation.
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 translation engine capable of finding the objectively appropriate music for any desired emotional target.
The news follows considerable consolidation in the AI-powered music tagging and search market, as many competitors such as Musiio, Musimap and Musicube have been acquired by larger companies in 2021 and 2022.
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 playing a part in the future of Cyanite. They have the right team and a powerful plan for the future of music recommendation, one that has the potential to transform the way that music’s emotional power is understood, quantified and monetised.“
About Cyanite
Cyanite helps music companies to turn their catalogues into their own personal Spotify – powering music libraries with the simplicity, visibility, and functionality to perform how they and their users expect them to.
From its main office located in Berlin, Cyanite builds powerful AI-based analysis and recommendation solutions that enable effective tagging and music search to improve the ability of music, entertainment, and advertising companies to deliver the right songs for the right search.
Cyanite helps companies to unlock the full potential of their music catalogues to leverage their full depth at a time when more music is accessible than ever before. Their goal is to let everybody find the right music for any use case – and the right use case for any song.
Cyanite supports some of the most renowned and innovative players in the music and advertising industry. Among the music companies using Cyanite are the production music libraries APM Music and Far Music (RTL), the radio station SWR, the music publishers Nettwerk, NEUBAU Music and Schubert Music, and the sound branding agencies amp sound branding, Universal Music Solutions, and Human Worldwide.
Cyanite’s vision is to become the universal intelligence that understands, connects and recommends the world’s music – an intelligence that can translate music into anything and anything into music.
Website: https://www.cyanite.ai/
Web App: https://app.cyanite.ai/register
API: https://api-docs.cyanite.ai/
LinkedIn: Cyanite.ai
Twitter: Cyanite.ai
