Thursday, June 23, 2011

Shazam Raises A Huge Round To The Tune of $32 Million

Shazam, the application that lets you identify nearly any piece of recorded music by holding your smartphone within earshot of a speaker, is swinging for the fences: the company has just raised a new $32 million funding round led by Kleiner Perkins Caufield & Byers and Institutional Venture Partners, with participation from DN Capital. Shazam surged to popularity on the iPhone and is now also available on Android, Java, BlackBerry, Windows, and Symbian, and has been used by nearly 150 million people since the application launched. And its growth isn't showing any signs of waning: the company says that it's seen weekly installs double over the course of the last year, and that users are now tagging four million songs per day. But music is only the beginning for the company ?�next, they're taking on television.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/hzTNjkHsTMM/

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