About Singing Machine
Singing Machine is a company based in Fort Lauderdale (United States) founded in 1982.. The company has 25 employees as of December 31, 2024. Singing Machine has completed 1 acquisition, including SemiCab. Singing Machine offers products and services including Karaoke Machines and Microphones.
- Headquarter Fort Lauderdale, United States
- Employees 25 as on 31 Dec, 2024
- Stage Public
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
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- Legal Name Algorhythm Holdings, Inc.
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IPO & Listings of Singing Machine
Singing Machine is a publicly listed company on the NASDAQ with ticker symbol RIME in USA, operating in the Consumer services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Singing Machine
Singing Machine offers a comprehensive portfolio of products and services, including Karaoke Machines and Microphones. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Karaoke machines are provided for wireless home entertainment, featuring Wi-Fi and Bluetooth capabilities.
Microphones are supplied for portable use with built-in speakers and rechargeable batteries.
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Leadership Team
3 people
Corporate Team
2 people
General Team
1 people
Operations Team
1 people
Key Team
1 people
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Funding Insights of Singing Machine
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $10.0M
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First Round
First Round
(17 May 1999)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Post-IPO - Singing Machine | Valuation |
investors |
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| May, 1999 | Amount | Post-IPO - Singing Machine | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Singing Machine
Singing Machine has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Stingray. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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B2B music and media solutions are delivered for commercial use.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Singing Machine
Singing Machine has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include SemiCab. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Singing Machine
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Singing Machine Comparisons
Competitors of Singing Machine
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Singing Machine
Frequently Asked Questions about Singing Machine
When was Singing Machine founded?
Singing Machine was founded in 1982 and raised its 1st funding round 17 years after it was founded.
Where is Singing Machine located?
Singing Machine is headquartered in Fort Lauderdale, United States. It is registered at Fort Lauderdale, Florida, United States.
How many employees does Singing Machine have?
As of Dec 31, 2024, the latest employee count at Singing Machine is 25.
What is the annual revenue of Singing Machine?
Annual revenue of Singing Machine is $23.49M as on Dec 31, 2024.
What does Singing Machine do?
Singing Machine was established in 1982 in Fort Lauderdale, United States, within the consumer electronics sector focused on entertainment products. A range of home karaoke systems, including wireless and Wi-Fi-enabled models, is designed and produced. Accessories such as microphones are also manufactured. Products are offered at various price points to suit individual and group use across age groups. Supporting applications for song selection and streaming are provided to enhance functionality.
What products or services does Singing Machine offer?
Singing Machine offers Karaoke Machines and Microphones.
Is Singing Machine publicly traded?
Yes, Singing Machine is publicly traded on NASDAQ under the ticker symbol RIME.
How many acquisitions has Singing Machine made?
Singing Machine has made 1 acquisition, including SemiCab.
Who are Singing Machine's investors?
Singing Machine has 1 investor. Key investors include Stingray.
What is Singing Machine's ticker symbol?
The ticker symbol of Singing Machine is RIME on NASDAQ.
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