FinTechFunding

Splice: Raises $55M in Funding

  • Splice, a New York-based provider of an AI-powered beat-making software platform for music producers, raised $55m in funding.
  • Backers included Goldman Sachs and MUSIC, a joint venture between music executive Matt Pincus and Liontree
  • In addition to the funding, Kakul Srivastava, the vice president of Adobe Creative Cloud Experience and Engagement, joined Splice’s board
  • The company intends to use the funds to continue to expand operations and its business reach
  • Splice provides Splice Studio, which allows producers to collaborate with friends around the world while also backing up their music projects using free and unlimited storage
  • The financing follows the 2020 acquisitions ot music technology companies Audiaire and Superpowered
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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