SoundCloud, an audio file sharing site for music professionals, has raised €2.5 million ($3.3 million) in its first round of funding. The Berlin-based startup entered the crowded file-sharing market last year with a private beta, but its executives say the service has since grown to 100,000 registered users.
The site works by providing a web-based platform for storing and sharing uncompressed audio files. But, rather than focusing on the average file sharer, SoundCloud targets its service toward file transfers between musicians, producers, and record industry executives. Since these types often trade large, email-crashing audio files for collaboration, production, and promotional purposes, SoundCloud positions itself as a file size restriction-free alternative to its competitors.
read more at thestandard.com
source: thestandard.com
Leave a Reply