Audoo has developed an audio meter that captures real-time data on music played in various environments, enabling precise reporting for performance rights organizations. This technology mitigates the issue of underreporting music usage, ensuring that artists receive accurate compensation for their work.
Funding
$31.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Current methods of tracking music played in public venues rely on manual reporting or outdated technology, leading to inaccurate royalty payments for artists and rights holders. This underreporting deprives creators of rightful compensation and hinders the growth of the music industry.
Solution
Audoo provides a real-time music recognition service that accurately captures and reports music usage in commercial environments. The Audoo Audio Meter™ is installed in venues to monitor played music, identify tracks, and transmit data to a cloud-based platform. This data is then matched against a library of over 120 million tracks and securely shared with Performing Rights Organisations (PROs) and Collective Management Organisations (CMOs). By providing precise data on music performance, Audoo ensures that artists and rights holders receive fair and transparent royalty payments.
Target Audience
Audoo's primary customers are Performing Rights Organisations (PROs) and Collective Management Organisations (CMOs) seeking to improve the accuracy and efficiency of public performance royalty distribution.
Features
- Patented Audio Meter™ device for real-time music capture
- Automatic music recognition technology with a library of over 120 million tracks
- Cloud-based platform for secure data processing and reporting
- Integration with Performing Rights Organisations (PROs) and Collective Management Organisations (CMOs)
- Scalable architecture to support various venue types and sizes
- Secure data transmission and storage
- Comprehensive dashboard for data insights and reporting
- Automated matching against a vast music library