Musical AI, a generative AI music rights startup, has secured $2.1 million CAD (approximately $1.5 million) in funding before its planned seed funding round in the first half of the year. Build Ventures led the round, with participation from various angel investors.

The platform has already partnered with key industry players, including rights holders Symphonic Distribution and Kanjian, as well as AI companies like Beatoven.

The company's core technology analyzes AI-generated music outputs to accurately distribute revenues among original music input contributors. Key features include:

• Attribution tracking for AI-generated music
• Revenue sharing based on input analysis
• Monitoring and takedown capabilities for rights holders
• Licensed data access for AI companies
• Usage reporting for generated outputs

"Generative AI will need attribution, and we're the first to master it and provide a secure platform that implements it along with industry-accepted revenue sharing," states Matt Adell, Musical AI COO and former Beatport head.

CEO Sean Power emphasizes the platform's unique position: "If we want AI training to be sustainable and ethical, we need attribution. Musical AI is the only company offering it in the audio space."

The platform enables rights holders to control their work's usage while providing AI companies access to licensed data and detailed usage analytics, creating a sustainable ecosystem for AI music generation.

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