LANDR Raises $26M To Expand Beyond AI Powered Mastering
AI-powered music mastering platform LANDR has closed a $26 million Series B financing round led by Sony Innovation Fund, microphone manufacturer Shure and state-owned financing corporation Investissement Québec and Fonds de solidarité FTQ.
Additional investors include Warner Music, Plus Eight Equity Partners, Slaight Communications, YUL Ventures and PEAK Capital Partners. The startup had previously raised $10.4 million.
Since launching in 2014, LANDR's platform has served 2.5 million artists with the mastering, releasing and promoting of over 12 million tracks from 160 countries.
The new capital will be used to expand into new markets and further capitalize on its position as a leader in music AI with the addition of new products and implement an "ambitious growth strategy" for its distribution services.
“Having the support of established music companies like Sony, Shure and Warner as well as music industry investors such as Plus Eight and Slaight is a vote of confidence, and marks the start of a new chapter for LANDR. This Series B will allow us to take our knowledge and expertise in music technology to new market shifting directions,” says LANDR CEO Pascal Pilon.