MusicIP was awarded $2 Million in Venture Capital

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One company is attempting to help music lovers deal with the tidal wave of media that is so prevalent in the digital-age of the internet. MusicIP, which has invented a music recognition and identification technology that can be likened to an acoustical fingerprint, was recently awarded $2 Million in Venture Capital by J.L. Albright Venture Partners to expand their marketing and sales efforts.
MusicIP has been on my radar for a while, but I’ve never quite figured out what they do, outside of the technology they pioneered. The following chart is the most information they’ve got on their music eco-system, and how their technology powers it:

So instead of wondering, I placed a call. The services they provide sound really exciting, with the ListerLink service being the most applicable to Independent Labels. Where Last.fm associates artists to artists based on what their community is listening to, and where Pandora associates albums to albums and artists to artists based on what they have in their catalogue and the humans who stock it, MusicIP gets down to the track level associating moods to other moods regardless of artist, album or even genre. And because it’s all driven by their fingerprint algorithm, it should scale quite nicely as they add new tracks to the mix (about 100,000 or more a month). I’ll post more once I get to play with it, but until then, I suggest signing up for the their ListenerLink program and give it a whirl yourself.