Beatoven.ai, an AI-powered music startup, has successfully raised Rs 11 crore in a pre-Series A funding round. Led by existing investors Capital 2B, the funding round witnessed participation from prominent entities including Entrepreneur First, IvyCap Ventures, Upsparks Capital, Rukam Capital, and several distinguished angel investors.
The infusion of capital marks a pivotal moment for Beatoven.ai, as it sets its sights on enhancing user experience and expanding its global footprint. Speaking on the strategic allocation of funds, Mansoor Rahimat Khan, Founder and CEO of Beatoven.ai, expressed optimism about the company’s trajectory. He stated, “We see immense opportunity in the market we are going after… With the right team and technology, we strongly believe we can emerge as a global Gen AI leader coming out of India.”
Acknowledging the company’s potential to revolutionize the music industry, Amit Behl, Partner at Capital 2B, emphasized the importance of passion and technology in driving Beatoven.ai’s success. He remarked, “Beatoven.ai understands that building a successful Gen-AI music product requires a deep passion for music and audio technology, not just advanced AI models.”
Vikram Gupta, Founder and Managing Partner of IvyCap Ventures, lauded Beatoven.ai’s innovative approach to music creation and its commitment to empowering content creators. He remarked, “We at IvyCap Ventures are happy to associate with Beatoven.ai… We believe in their vision and the potential to revolutionize the music industry.”
With a focus on enhancing music accuracy, user experience, and supporting independent musicians, Beatoven.ai aims to solidify its position as a leading player in the Gen-AI music domain. The company plans to leverage the newly acquired funding to build a world-class team specializing in research and development, develop intuitive editing features, and implement a scalable go-to-market strategy.
