Less than 1 min.Read

Splice: Raises $55M in Funding

February 28, 2021

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