AI-powered music technology company Musical AI has raised $4.5 million in a round led by San Francisco-based venture capital firm Heavybit and supported by BDC and Build Ventures. This funding will be used to expand the company’s team, further develop its attribution technology, and support industry.To ensure correct attribution, Musical AI has built a platform that serves both the data providers and AI companies who need data. Rightsholders can monitor, take down, and sunset usage of the works they own. Generative AI companies can access quality licensed data and use Musical AI’s reports to monitor usage and pay rightsholders on an ongoing basis.Heavybit is an early-stage investor in enterprise infrastructure founded by James Lindenbaum. Since 2013 Heavybit has helped launch and scale technical startups. What is your take on the AI music attribution technology investment ?
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