Beatoven.ai has successfully raised Rs 11 crore in a pre-Series A funding round. This investment round was spearheaded by Capital 2B, with contributions from both new and returning investors, including Entrepreneur First, IvyCap Ventures, Upsparks Capital, Rukam Capital, and several influential angel investors.

The infusion of fresh capital will be strategically utilized to propel Beatoven.ai’s expansion in multiple key areas. The firm is set on enhancing the overall user experience by refining the accuracy and quality of music production and introducing user-friendly editing tools for customized soundtrack creation. Beatoven.ai is also dedicated to supporting independent artists through its ethically praised artist-friendly data-sourcing initiative. Further ambitions include assembling a top-tier research and development team focused on music creation technologies and crafting an effective, scalable strategy to attract new users worldwide.

Mansoor Rahimat Khan, Founder and CEO of Beatoven.ai, highlighted the company’s swift market penetration and user base growth, reaching 1 million users globally, with significant revenue generated from markets outside India, including the US, Europe, and South Korea. Khan is optimistic about Beatoven.ai’s potential to become a dominant force in the global generative AI music scene.

Amit Behl of Capital 2B praised Beatoven.ai‘s holistic understanding of the intersection between music passion and AI technology, noting the startup’s impressive organic growth. Similarly, Vikram Gupta of IvyCap Ventures lauded the company’s innovative AI utilization in music creation, recognizing its commitment to enabling content creators to produce original, cost-effective, and royalty-free music. Gupta expressed confidence in Beatoven.ai’s future impact on the music industry and its potential for continued success.

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