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To create a more accurate system for compensating artists and composers for the public performance of their work.
Time after time, artists have struggled to make sure they are paid for their work. With passions to power a more transparent music industry, Audoo has developed an AI-powered audio metre designed to capture played music in real-time, ensuring that rights holders never miss out on royalties.
Many musicians struggle to get anywhere in the music industry because it cannot financially support creative endeavours. Audoo's ability to support direct artist compensation therefore allows it to stand out, and has attracted support from the likes of ABBA and Elton John.
The company has established itself well in the market, with its listening devices installed in several retail locations across Britain. John, who led the company’s most recent funding round alongside David Furnish, has stated that Audoo has the chance to "help create a more transparent system for everyone, and ultimately to keep the music alive.”
Kirsty
Company Specialist at Welcome to the Jungle
Oct 2023
$5m
ANGEL
Dec 2021
$8.9m
EARLY VC
Ryan Edwards
(CEO)Privacy warrior and data enthusiast. Previously Non-executive Director of Findr and Head of Retail for Visa Europe.