Aimi raises $ 20 million in Series B funding
Aimi, a generative music platform based in Los Angeles, Calif., raised $ 20 million in Series B funding.
The cycle was led by Great Mountain Partners, with participation from Founders Fund.
The company intends to use the funds to introduce an operating system with a new programming language, a new suite of desktop tools for partner artists and budding producers, the latest version of the app mobile platform and more.
Led by President and CEO Edward Balassanian, Aimi offers listeners endless bespoke experiences created by their favorite DJs and producers in collaboration with the platform’s artificial intelligence. Each of the dozens of experiences currently offered by Aimi and its premium tier, Aimi +, showcases treasures of an artist’s never-before-seen material, sound ideas, and patterns in the form of a composition that changes whenever the user presses play, reviving himself to his own mood and real-time reactions.
After its limited free period this fall, the premium service of Aimi + will also transition to a paid model, using blockchain technology and smart contracts to administer royalties and revenues to all artists using the platform.