AI & MUSIC TECH · ·Music Business Worldwide
Modulate Raises $25M for AI Music Detection API
Modulate has raised $25 million in new funding for its AI music detection API as streaming platforms introduce policies on AI-generated tracks.
Modulate has raised $25 million in a new funding round, bringing its total funding to $60 million. The round was led by Future Ventures, with Hyperplane and Lakestar also participating. Modulate was founded in 2017 by Carter Huffman and Mike Pappas. Huffman became CEO, and Pappas took the role of president. The company has 40 to 45 employees and plans to add 10 more people in the coming months.
Modulate offers an AI music detection API that was released in June. The API is sold self-service at a price of $0.07 per hour of audio. Modulate offers the API to streaming services, distributors, and rights-clearing teams.
Streaming platforms have also addressed AI-generated material. In July, Deezer stated that it received approximately 90,000 fully AI-generated tracks per day in June. In June, TIDAL announced a policy to label tracks identified as fully AI-generated and stop them from earning royalties. Apple Music stated that transparency labels are required on content that uses AI and will display a Made With AI label to listeners later in the year.
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