[Funding alert] London-based AudioStack Secures €2.9 Million in Pre- Series A Round Funding

Tuesday 6, 2024 | By Startup Rise EU

London-based AudioStack secures €2.9 million in pre-series A round funding. Leading this round was Quadri Ventures, which aims to use artificial intelligence to transform large-scale audio production for businesses.

London-based AudioStack secures €2.9 million in pre-series A round funding. Leading this round was Quadri Ventures, which aims to use artificial intelligence to transform large-scale audio production for businesses.

With AudioStack, users can produce studio-quality audio assets faster than in real-time, enabling them to quickly and efficiently create thousands of variations of audio assets. This speeds up the creation of more individualized, higher-quality audio based on voice, language, and call-to-action, and it also cuts down on the time it takes to produce audio from several days to a few hours or even minutes.

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With the help of state-of-the-art AI, AudioStack is upending a manual, expensive, and outdated audio production sector. In the process, AI is revolutionizing the audio production industry and producing unicorn success stories.

Under the direction of co-founders Dr. Timo Kunz, Peadar Coyle, and Björn Ühss, the business collaborates with some of the biggest global companies, including McDonald's, Porsche, and Mountain Dew, as well as some of the biggest ad agencies in the world, including Omnicom and Publicis.

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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.”

Existing investors in the company included board member and media investor Alexis van de Wyer, a former CEO of AdsWizz, and well-known angel investor Fred Destin, who supported the investment round.

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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.”

About AudioStack

The best infrastructure for completely automated, scalable AI audio production in the world is called AudioStack. Advanced technologies like AI-based post production, text-to-speech, music, and versioning can be integrated to enable audio brands and agencies to easily create intricate workflows for audio production.

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