London-based startup AudioStack has raised a €2.9 million pre-Series A round led by Quadri Ventures to revolutionize large-scale audio production for enterprises through Artificial Intelligence.
Founded in 2019, AudioStack’s technology suite provides an end-to-end platform with the capability to scale audio production without sacrificing quality – from voiceovers, to audio spots, dynamic creatives, custom brand voice synthesis (voice cloning), sound design, mastering and delivery.
With AudioStack, studio-quality audio assets can be created faster than real-time, empowering users to create thousands of variations of audio assets at speed and scale, allowing for more personalised, better quality audio based on voice, language and Call-to-Action and reducing the turnaround time for audio production from several days down to a few hours or even minutes.
Through the use of cutting-edge AI, AudioStack is disrupting an industry overrun with manual, antiquated, and costly processes, but is now experiencing significant change as AI permeates audio production, creating unicorn success stories in the process.
Led by co-founders Dr Timo Kunz, Peadar Coyle, and Björn Ühss, the company is working with some of the world’s largest ad agencies ranging from Omnicom to Publicis, publishers such as Acast and iHeart, and global brands spanning McDonald’s, Porsche and Mountain Dew.
Dr Kunz said: “This funding round will enable us to continue our global growth and double down on the business cases that are working so well: we have been helping our customers realise enormous savings throughout their creative processes while enabling them to massively scale the output of their production to levels they never dreamed of, allowing us to supercharge creativity.”
The funding round was supported by existing investors including prominent angel investor Fred Destin and media investor and former CEO of AdsWizz, Alexis van de Wyer, who sits on the board. He commented: “There is huge market potential for AudioStack and this pre-Series A round will build on the impressive momentum the team have already achieved. I know from experience that large brands and agencies are crying out for a solution to the problems that hold back audio production.”
Quadri Ventures specialise in investing in seed to series B SaaS companies that have AWS as a core part of their growth strategy. Andrew Drylie, Principal at Quadri Ventures, added: “AudioStack is setting a new standard for audio production and aims to become the leading infrastructure for audio production globally. They have an incredible team who have revolutionised an antiquated industry with a category-creating Generative AI solution. Bloomberg predicts digital Ads driven by GenAI to grow to $192 billion by 2032, demonstrating the sheer potential of this market size and showcasing the potential for AudioStack to achieve hypergrowth. These factors make them the perfect company for us to partner with and support in the next phase of their exciting growth journey.”
Read the orginal article: https://www.eu-startups.com/2024/02/london-based-audiostack-raises-e2-9-million-to-scale-studio-quality-audio-production-for-enterprises/
