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July 12, 2012 06:34 pm GMT
There's a good chance that you've never heard of The Echo Nest. As a self-professed music intelligence company, Echo Nest at its best when running quietly behind the scenes, providing developers with insight into their listeners' musical tastes and behaviors. In fact, you might better know Echo Nest as the company that powers Spotify Radio and VEVO's new personalized recommendation features.Thanks to its machine learning technology, Echo Nest has laboriously built what is now one of the largest repositories of dynamic music data in the world, with 5 billion data points encompassing over 30 million songs. The Somerville-based company has come along way since spinning out of MIT's Media Lab in 2005, having inked deals with Clear Channels iHeartRadio, eMusic, MOG, Spotify, Nokia, the BBC, and VEVO. And today, its progress has been validated in a serious way, as the company announced that it has closed a $17 million round of financing.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/LgjsIeB7HCY/
Now Powering Music Intelligence For Spotify, VEVO & More, Echo Nest Nabs $17M To Go Big Abroad
There's a good chance that you've never heard of The Echo Nest. As a self-professed music intelligence company, Echo Nest at its best when running quietly behind the scenes, providing developers with insight into their listeners' musical tastes and behaviors. In fact, you might better know Echo Nest as the company that powers Spotify Radio and VEVO's new personalized recommendation features.Thanks to its machine learning technology, Echo Nest has laboriously built what is now one of the largest repositories of dynamic music data in the world, with 5 billion data points encompassing over 30 million songs. The Somerville-based company has come along way since spinning out of MIT's Media Lab in 2005, having inked deals with Clear Channels iHeartRadio, eMusic, MOG, Spotify, Nokia, the BBC, and VEVO. And today, its progress has been validated in a serious way, as the company announced that it has closed a $17 million round of financing. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/LgjsIeB7HCY/
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