Amper raises $4M to use AI to write music
Amper, a startup that offers AI-poweredmusic composition, is announcing that it has raised $4 million in funding. The round was led by Two Sigma Ventures, with participation fromFoundry Group, Kiwi Venture Partners and Advancit Capital. Amper previously raised funding from Brooklyn Bridge Ventures. You might not expect a film composer like Drew Silverstein(who founded the company with Sam Estes and Michael Hobe) to create a product that is ostensibly competes with his own work, but Silverstein doesnt see that way. Instead, he pitchedAmper as a fast, affordable and royalty-free way to createthe music for more functional projects (like commercialsaor short onlinevideos), where most companieswould currentlyusepre-written stock music. Silverstein said hes been approached about these projects in the past but found that the economics just dont work the budgets just arent big enough to justify creating new music. One of our core beliefs as a company is that the future of music is going to be created in the collaboration between humans and AI, he said. Wewant that collaborative experience to propel the creative process forward.If were going to do that, we have to teach computers to be intrinsically creative. There are other companies offeringAI-driven music composition, such asJukedeck, which won TechCrunchs Startup Battlefield just over a year ago. But in Silversteins view, thiscreativity is one of the things that makes Amper unique.
Read Full Article at https://techcrunch.com/2017/03/02/amper-funding/
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