On Wednesday (Feb. 5), Techstars Music announced the 10 music tech startups that will be joining the organization’s mentorship-driven accelerator program in 2020, its fourth overall.
The startups are chosen each year by former Twitter music head Bob Moczydlowsky and the Techstars Music team, who select the participants out of hundreds of applications during a six-month search across the globe. After they are selected, the startups move into the Techstars Music office in Los Angeles, where they are mentored by a 300-person group of global music and tech executives, venture investors and artists. During the process, the startups hone their products, build their teams and subsequently pitch themselves to investors at the invite-only Techstars Music Demo Day on April 30.
Techstars notes that the previous three classes of Techstars Music Accelerator startups have raised more than $75 million in follow-on funding and boast a combined portfolio valuation of nearly $350 million. The Techstars portfolio saw its first exit last year, when podcasting giant Acast acquired Pippa, a Techstars Music 2017 alum.
Run in partnership with member companies including Warner Music Group, Sony, Concord, Peloton, AVEX, Bill Silva Entertainment, RecoChoku, Royalty Exchange, Q Prime Management and Entertainment One, Techstars’ portfolio of companies also includes Community, Endel, Replica, The Music Fund, EmbodyMe, Blink Identity and Popgun.
The startups chosen for the 2020 accelerator program are:
Audigo Labs puts a professional quality recording studio into your pocket – allowing musicians, podcasters and content-creators to capture, edit and share professional quality audio effortlessly.
Delta protects the digital rights and brand identity of Entertainment companies through the detection and traceability of deepfakes. Delta’s AI-driven SaaS platform allows enterprise to actively identify, monitor and respond to deepfake content.
Elastic Audio is democratizing modern audio for digital creatives and game developers with lightweight dev tools and a third-party sample/effects marketplace. Elastic Audio aims to do for sound what the modern GPU did for graphics – and thus become the core audio engine powering all projects, teams and hardware.
Entertainment Intelligence (Ei) collects, cleans, categorizes and enriches data for a wide range of entertainment businesses. Ei is unique in its ability to seamlessly blend social and consumption data from limitless sources, tracking and analyzing information on a daily basis. Ei also generates industry benchmarks, reports and dashboards to help customers understand their market, save time and increase efficiencies.
Fanaply creates blockchain-enabled, interactive digital collectibles for the music, sports, and entertainment industries. The Fanalpy asset ecosystem empowers teams, artists, festivals, brands, and other stakeholders to connect and reward their core audiences, driving new levels of fan engagement.
FanSifter is a machine learning-powered fan data analytics platform to help music, entertainment, and sports events sell more tickets. Fansifter users save valuable marketing hours with powerful segmentation, profiling and enrichment tools – allowing hyper-personalized communication of the right offer to the right audience.
Splashmob is building tools to empower venues, artists, teams and performers to interact with and engage their audiences in real-time and at-scale, during live events.
Strangeloop Studios is a audio/visual content company creating new media, live concert, and audience experiences; including owning and operating virtual artists in partnership with the world’s leading musicians and visual designers.
TribeXR produces immersive skills training for creative industries. Their first product, Tribe XR DJ School, is creating thousands of DJs around the world without any traditional pro-audio equipment required.
ULO creates “Experience Portals” to provide short-form immersive experiences for customers in high-foot traffic environments.