AI startup Musical AI has secured $1.5 million CAD ($1.5 million USD) in funding, positioning itself as a key player in the generative AI music rights marketplace. The funding round was led by Build Ventures, with participation from angel investors.

The company serves two main functions:

• Acts as a licensing marketplace between AI companies and music rights holders
• Provides technology to analyze AI-generated music outputs for accurate revenue distribution

Key partnerships include:

• Rights holders: Symphonic Distribution and Kanjian
• AI companies: Beatoven

The platform offers unique features allowing rights holders to:

• Monitor usage of their works
• Implement takedown requests
• Control sunset dates for usage
• Track revenue distribution based on input attribution

"Generative AI will need attribution, and we're the first to master it and provide a secure platform that implements it along with industry-accepted revenue sharing," states Matt Adell, Musical AI COO and former Beatport head.

The company plans to launch a separate seed funding round in the first half of the year, building on its current success and technological capabilities. Musical AI's platform specifically determines what percentage of an AI-generated output came from which data source, ensuring transparent and accurate revenue sharing among rights holders.

CEO Sean Power emphasizes the platform's unique position: "If we want AI training to be sustainable and ethical, we need attribution. Musical AI is the only company offering it in the audio space."

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