Music AI raises $40 million in funding: Ethical AI reshaping the music industry
The creators of Moises are leading the charge for innovation and ethical practices in AI-driven music.
A major investment for ethical AI in music
Music AI, the company behind the Moises platform, have successfully raised $40 million in a Series A funding round led by Connect Ventures and monashees. Notable investors contributed to this funding, including renowned DJ Steve Aoki, underscoring the growing confidence in Music AI’s innovative and ethical approach.
Music AI: revolutionising music creation
Originally launched in 2019 under the name Moises, Music AI has grown to offer both a business-to-business (Music.ai) and a consumer-facing (Moises.ai) platform. Moises, its global consumer product, has amassed over 50 million users- a 66% increase from 30 million in April 2023. In recognition of the platform’s success, Moises earned Apple’s iPad App of the Year award in 2024.
The platform’s suite of tools caters to a broad audience. It includes stem separation, chord recognition, beat and key analysis, and lyric transcription. Whether you’re a beginner, a student, or a professional musician, Moises empowers creators with cutting-edge AI solutions that have a real-world impact on the creative industry.
“We’re ready to advance our mission of making music innovation accessible to all, we’re eager to explore new possibilities with a focus on practical applications.”
Geraldo Ramos, CEO of Music AI
Music AI’s commitment to ethical AI
The use of AI in music has often been marred by controversy, with lawsuits and ethical debates dominating the headlines. Just this week, GEMA filed a lawsuit against the AI-generated music platform Suno, accusing it of creating infringing content using unlicensed music. Against this backdrop, Music AI stands out for its unwavering commitment to ethical practices.
Music AI prides itself on “ethical solutions strictly trained on fully licensed content that empower creators by compensating them fairly”. This approach not only enhances the creative process for users but also supports the artists who supply the foundational material.
“We are deeply committed to partnering with ethically led AI companies that appropriately credit and compensate creators for usage of their work.”
Michael Blank, Managing Partner at Connect Ventures, an investment partnership between Creative Artists Agency (CAA) and NEA
A vision for the future of AI-driven music
As AI-generated music continues to disrupt the music industry, more ethical solutions are appearing. By balancing technological advancement with creative rights, Music AI exemplifies how AI can empower artists rather than exploit them.
With its newly secured funding, Music AI is well-positioned to lead the next chapter of ethical AI in music creation. Its innovative solution bridges the relationship between AI technology and creative rights, ensuring artists are compensated fairly for their work.