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Echo Nest Raises Another $1.3 Million

By: Bruce Houghton
2010-01-08

Music intelligence developer Echo Nest has raised $1.3 million in venture funding. According to the SEC filing the round included 14 unnamed investors.

The company previously raised a round of capital lead by Commonwealth Capital Ventures.

The companys web site says that it is developing a "musical brain" to understand the latest trends, buzz and fan opinion based on previous research from MIT, Columbia and the U Cal Berkeley.

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About the Author:
Bruce Houghton is a 25 year music industry veteran who owns booking agency Skyline Music and the tour marketing company Skyline Innovations.

http://www.hypebot.com


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