
Audoo
Founded Year
2018Stage
Series A - II | AliveTotal Raised
$19.21MLast Raised
$9.54M | 1 yr agoAbout Audoo
Audoo plug-in device captures music being played for a few seconds then shuts down, resulting in a digital fingerprint of audio, which the platform analyses and relays to the Performance Royalty Organisations (PROs), without storing any audio data. It can be managed remotely and the analytics platform has a standard set of APIs/reports specific to each business to allow PROs to leverage customer insight and artist payment distribution.
Missing: Audoo's Product Demo & Case Studies
Promote your product offering to tech buyers.
Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.
Missing: Audoo's Product & Differentiators
Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).
Expert Collections containing Audoo
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Audoo is included in 2 Expert Collections, including Payments.
Payments
2,673 items
Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.
Fintech
5,152 items
Latest Audoo News
Mar 9, 2023
Music publisher and former performing rights organisation executive joins mission to revolutionise payment of public performance royalties Share: Audoo, a music technology company aiming to revolutionise public performance royalties worldwide, has appointed music publishing veteran Nigel Elderton as chairman. With a career spanning over 45 years in the music industry, Elderton also has experience as a performing rights organisation executive. He adds to the London company’s growing team of international industry experts. The company, founded in 2018, now includes senior experts from APRA AMCOS, BMG, BMI, Bowers and Wilkins, Shazam and Spotify among its wider team. The Audoo Audio Meter is a small, discreet plug-in solution which cuts through foreground noise and takes a digital, GDPR-compliant, fingerprint of the music being played, matches the track data, and reports to PRO and CMO partners – ultimately aiding the compensation of artists and rights holders with a much greater level of accuracy. Elderton is the European President of the global independent music publisher Peermusic and has held a number of industry positions, including chairman of PRS For Music (recently retired), director of ICE Operations Berlin, chairman of the Music Publishers Association (UK), chairman of MCPS, director of British Music Rights/UK Music, founding trustee of the PRS Foundation and president of the Music Publishers Association Ireland. He also worked for EMI, MCA and Polygram prior to joining Peermusic. Recognising his contribution to the music industry, he was awarded the Gold Badge of Distinction from the British Academy of Songwriters and Composers and Authors (BASCA, now The Ivors Academy), the MPA (UK) Gold Badge for services to music publishing, and was invited to become a Fellow of the Royal Society For Arts (FRSA). His appointment follows the adoption and widespread rollout of Audoo Audio Meters in Australia and New Zealand. “The Audoo mission is worthy, and its technology highly impressive. Improving the licensing landscape and removing barriers to royalty processes is vital in rebalancing money that should be reaching music creators and performers – Audoo tech aids efficiency in these processes,” said Elderton. “Early adopters are showing improvement in the accuracy of data collection and, ultimately, more of those owed will receive their optimum public performance payments. “As a publisher representing the best interests of songwriters and a long-time colleague within PROs, I look forward to working alongside Ryan and the Audoo team to advance this element of our industry.” Ryan Edwards, founder and CEO, added: “Having Nigel join is an honour – a true champion of the songwriter and music industry with unparalleled experience and expertise. “We are excited to benefit from his guidance and continue on the mission of revolutionising the public performance royalties space worldwide.” Audoo raised £5.2 million in its 2020 Series A funding round and £7.2m in its pre-Series B funding round in 2021. Its financial backers include Sir Paul McCartney , MPL Ventures, Tileyard London, Steve Sidwell and Björn Ulvaeus (ABBA/CISAC).
Audoo Frequently Asked Questions (FAQ)
When was Audoo founded?
Audoo was founded in 2018.
Where is Audoo's headquarters?
Audoo's headquarters is located at Unit 23 – Tileyard Road, London.
What is Audoo's latest funding round?
Audoo's latest funding round is Series A - II.
How much did Audoo raise?
Audoo raised a total of $19.21M.
Who are the investors of Audoo?
Investors of Audoo include Tileyard London, MPL Ventures, Edinv, Bjorn Ulvaeus, Abbey Road Red and 7 more.
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.