TL;DR:
- London-based startup AudioStack raised €2.9 million in a pre-Series A funding round led by Quadri Ventures.
- AudioStack offers AI-powered technology for large-scale audio production, preserving quality across various audio tasks.
- Studio-quality audio assets can be generated faster than real-time, enabling personalized and efficient audio production.
- AI integration disrupts the manual and costly processes in the audio production industry.
- Co-founders Dr. Timo Kunz, Peadar Coyle, and Björn Ühss collaborate with major ad agencies and global brands.
- Existing investors like angel investor Fred Destin and media investor Alexis van de Wyer support the funding.
- Quadri Ventures sees AudioStack as a potential leader in global audio production with the growing GenAI market.
Main AI News:
In a recent development, London-based startup AudioStack has successfully secured a pre-Series A funding round, raising an impressive €2.9 million. The funding was spearheaded by Quadri Ventures, signifying a significant step towards revolutionizing large-scale audio production within enterprises through the power of Artificial Intelligence (AI). AudioStack, founded in 2019, has engineered a comprehensive technology suite, which offers an end-to-end platform capable of scaling audio production without compromising on quality. This suite covers a wide spectrum of audio-related tasks, including voiceovers, audio spots, dynamic creatives, custom brand voice synthesis (voice cloning), sound design, mastering, and delivery.
One of the standout features of AudioStack’s platform is its remarkable ability to generate studio-quality audio assets at a pace faster than real-time. This breakthrough empowers users to craft thousands of unique audio assets swiftly and efficiently, ultimately delivering a more personalized and superior audio experience based on voice, language, and Call-to-Action elements. Notably, this innovation significantly reduces the turnaround time for audio production, slashing it from several days to just a few hours or even minutes.
What sets AudioStack apart is its cutting-edge utilization of AI, which is disrupting an industry that has long relied on manual, outdated, and costly processes. The infusion of AI into audio production is not only transforming the sector but also giving rise to success stories that can only be likened to unicorns.
Driving this transformation are the dedicated co-founders of AudioStack, Dr. Timo Kunz, Peadar Coyle, and Björn Ühss. Their visionary approach has led the company to collaborate with some of the world’s largest ad agencies, including Omnicom and Publicis, as well as prominent publishers like Acast and iHeart. Moreover, they have formed partnerships with global brands spanning across industries, including McDonald’s, Porsche, and Mountain Dew.
Dr. Kunz shared his enthusiasm for the recent funding, stating, “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 realize 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.”
Supporting this endeavor are existing investors, including the renowned angel investor Fred Destin and media investor, former CEO of AdsWizz, Alexis van de Wyer, who also serves on the board. Van de Wyer expressed his confidence in AudioStack’s potential, saying, “There is a huge market potential for AudioStack, and this pre-Series A round will build on the impressive momentum the team has 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, specializing in investing in seed to series B SaaS companies with AWS as a core growth strategy, played a pivotal role in this funding round. Andrew Drylie, Principal at Quadri Ventures, emphasized AudioStack’s aspiration to set a new industry standard for audio production on a global scale. He pointed out that the company’s category-creating Generative AI solution aligns perfectly with the enormous potential of digital Ads driven by GenAI, projected to reach $192 billion by 2032 according to Bloomberg. This underscores the vast opportunities ahead for AudioStack, making it an ideal partner for Quadri Ventures as they embark on an exciting phase of growth.
Conclusion:
AudioStack’s successful funding round and AI-driven audio production platform mark a significant shift in the industry. The ability to create high-quality audio assets quickly and at scale has the potential to transform creative processes and meet the growing demand for personalized, engaging content. This development aligns with the broader trend of AI integration in various industries, showcasing the market’s appetite for innovative solutions that optimize efficiency and quality in production.
