Music AI, the company behind the popular AI-driven music platform Moises, has raised $40 million in a Series A funding round led by Connect Ventures (a collaboration between Creative Artists Agency and NEA) and Brazilian venture capital firm monashees. Other participants included Kickstart, Samsung Next, Toba Capital, Valutia, Pelion, and music industry figures like Steve Aoki (Aoki Labs), Freddy Wexler, 3LAU, and Alexander23.
Launched in 2019, Music AI has grown from a consumer app into a leading developer of AI tools for music and audio. Its flagship product, Moises, offers features like stem separation, chord recognition, and music transcription, attracting over 50 million users worldwide and earning recognition as Apple’s iPad App of the Year in 2024.
“We are deeply committed to partnering with ethically led AI companies that appropriately credit and compensate creators for usage of their work,” said Michael Blank, Managing Partner at Connect Ventures. “Music AI’s talent-friendly approach and unparalleled technology is helping them become the trusted and premier AI platform of the music industry. Beyond empowering artists, Moises enhances the creative process for musicians, producers, and content creators worldwide for practice, creation, and collaboration.”
After leading the company’s Seed round, monashees is reaffirming its commitment by co-leading the Series A round. “Latin America is a hub of creativity, and we are thrilled to partner with Brazilian founders building a global company at the forefront of a new era powered by AI,” said Eric Acher, co-founder and Managing Partner at monashees, the pioneer venture capital firm from Brazil.
The company’s commitment to on-device AI technology has also drawn praise from investors like Samsung Next, which lauded Music AI’s focus on speed, privacy, and scalability across connected devices. With this new funding, Music AI aims to expand its ethical AI solutions and solidify its position as a leader in the evolving landscape of music technology.
Music AI has been advancing a variety of technologies in the field of music. These include Music Information Retrieval (MIR) solutions, which encompass technologies like stem separation, chord recognition, key and beat detection, and music transcription. In 2023, the company expanded its focus to include generative solutions, such as singing voice modelling and assistive music creation.