AI music startup Beatoven.ai has raised Rs 11 crore (about $1.3 million) in its pre-Series A round led by existing backers Capital 2B, Entrepreneur First and new investors IvyCap Ventures, Upsparks Capital, Rukam Capital, and other angel investors.
As per the company, the proceeds will be used to ramp up Beatoven.ai’s growth plans to enhance the user experience by improving music accuracy and quality, while simultaneously designing editing features.
Founded by Mansoor Rahimat Khan and Siddharth Bhardwa, Beatoven.ai offers a range of innovative features, empowering creators to produce high-quality music. Currently, users can input prompts for text-to-music generation, and is currently testing out multimodal inputs where a user can input video, images, text and audio references to generate a closely aligned music track.
Through Beatoven.ai’s web-based application, content creators can create and customise tunes with the help of the platform’s vast and varied library of mood-based tunes spanning multiple genres
The platform claims to have already established partnerships with over 200 artists and plans to expand this network by collaborating with at least 500 artists within the next two-three years.
