Explore Audoo's Innovative Approach towards Music Recognition: A Close Look at their Series A PitchDeck
About Audoo
Audoo is an innovative music technology startup that is transforming the landscape of public performance royalty reporting. This groundbreaking venture has been applauded globally for its commendable work in music recognition data. The company was built under the robust leadership of ABBA's star, Björn Ulvaeus, and it recently clinched a whopping $7 million in its Series A funding round.
Its trailblazing technology―the proprietary Audio Meter―is installed in many premises, allowing it to accurately recognize music. The recognized music data is transferred to Audoo's secure cloud-based platform. The platform then uses its gigantic library of over 120 million tracks to match the data, facilitating secure reporting to its partnered collection societies.
About Audoo's PitchDeck
The pitch deck of Audoo, created in 2020, stirred immense interest among investors, with its novel concept of collection and reporting of precise music data. The deck clearly outlines their pioneering technology, how it functions, and the immense significance it holds for the music industry's future.
It makes a compelling case for why Audoo is a game-changer in the world of royalty reporting, particularly due to its significant contributions in delivering improved public performance royalties to rightful creators and stakeholders.
Why investors believed in Audoo?
Several factors instigated investor confidence in Audoo. The company’s unique offering of accurate and efficient public performance reporting service, combined with a universally appealing concept and a solid backing of industry heavyweights like Björn Ulvaeus, Pamela Sheyne, and Isabel Garvey, made Audoo an attractive investment.
Furthermore, Audoo's strategic collaborations with Performing Right Organisations (PROs) and Collective Management Organisations (CMOs) underscored the company’s reliability and indicated a long-term vision. This tangible future growth potential, coupled with a groundbreaking approach to tackling an industry-wide problem, cemented investor belief in Audoo's success.
