About DAACI
DAACI is a Media & Entertainment company based in London (United Kingdom) founded in 2017. AI-based solutions for music creation are provided to users. DAACI has raised $4.9 million across 2 funding rounds from investors including UK Research and Innovation. The company has 3 employees. DAACI has completed 2 acquisitions, including MXX and WiSL. Its chief executive, as recorded, is Rachel Lyske. DAACI offers products and services including Adaptive Music Editing Tools and Generative Music Composition Tools. Its focus areas include Consumer, Music Tech, Music Artist IT and Music Creation. Its legal entity is DAACI LIMITED. Its competitors include Aiva Technologies and LifeScore; 2 of its 2 listed competitors have raised funding.
Company details
DAACI was founded in 2017 and is headquartered in London, United Kingdom. AI-driven tools for music generation are developed and offered by the company within the music technology sector. Custom music tracks are produced based on user-specified requirements, such as style or mood. These solutions are employed by composers and content creators for professional applications. Operations focus on accessible, technology-enabled music production services.
- Total Equity Funding$4.9M (USD)
in 2 rounds
- Investors
- Employee Count3
- Investments & AcquisitionsMXX
& 1 more
Products & Services of DAACI
DAACI offers a comprehensive portfolio of products and services, including Adaptive Music Editing Tools and Generative Music Composition Tools.
Tools for real-time music adaptation in content and gaming.
AI for creating new music compositions efficiently.
Funding Insights of DAACI
DAACI has successfully raised a total of $4.9M across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $4.9M
- Total Rounds 2
- First Round $4.9M
(Jun 2022)
- Investors Count 1
All 2 funding rounds of DAACI with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2022 | Grant | – | – | ||
| Jun 2022 | $4.9M | Seed | – | – | – |
1 investors in total: 1 institutional.
Investors in DAACI
DAACI has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include UK Research and Innovation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Research and innovation funding is managed for UK advancement. | 2018 | ukri.org | Swindon, United Kingdom |
Investor details for DAACI
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People of DAACI
7 people are tracked at DAACI (5 in leadership, 2 in team); the tracked headcount is 3.
| Name | Role | Group |
|---|---|---|
Rachel Lyske | CEO | Leadership |
Ken Lythgoe | Head of Corporate Development | Leadership |
Andy Bratt | VP Of Musicology | Leadership |
Nicky Hannon | Head Of People & Process | Leadership |
Philip Walsh | Co-Founder | Leadership |
Annemarie Gaillard | Creative Partnerships and Business Development | Team |
Simon Peter White | Business Advisor | Team |
Complete people profiles for DAACI
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Investments & Acquisitions by DAACI
DAACI has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include MXX and WiSL.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
AI-based music creation solutions are offered via an online platform. | wisl.ai | London, United Kingdom | 2021 | May 2023 | •••• | |
AI-enabled music editing solutions are provided for video synchronization. | mxx.ai | London, United Kingdom | 2015 | May 2023 | •••• |
Complete acquisition details for DAACI
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Competitors of DAACI
DAACI has 2 listed competitors in our database, 2 of them funded. They include Aiva Technologies and LifeScore.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| aiva.ai | 2016 | London, United Kingdom | $2.48M | 9 | AI platform composes soundtracks and songs based on user inputs. | |
| lifescoremusic.com | 2016 | Woodbridge, United Kingdom | $14.55M | 4 | AI-based software for real-time music creation is provided by LifeScore. |
Detailed competitors of DAACI
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Web traffic of DAACI
The website of DAACI (daaci.com) receives about 5.5K visits a month.
- Monthly visits5.5K
▼ 19.1% vs previous month
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Related news about Daaci
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Frequently Asked Questions about DAACI
DAACI was founded in 2017 and raised its 1st funding round 5 years after it was founded.
DAACI is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Rachel Lyske is the CEO of DAACI, as recorded in our data.
DAACI is a funded company, having raised a total of $4.9M across 2 funding rounds to date. The company's 1st funding round was a Seed of $4.9M, raised on Jun 2022.
DAACI has 3 employees.
DAACI was founded in 2017 and is headquartered in London, United Kingdom. AI-driven tools for music generation are developed and offered by the company within the music technology sector. Custom music tracks are produced based on user-specified requirements, such as style or mood. These solutions are employed by composers and content creators for professional applications. Operations focus on accessible, technology-enabled music production services.
DAACI's top competitors include Aiva Technologies and LifeScore.
DAACI offers Adaptive Music Editing Tools and Generative Music Composition Tools.
DAACI has 1 investor. Key investors include UK Research and Innovation.
DAACI operates through Daaci Limited.