About Sonic Ai
Sonic Ai is a company based in United States founded in 2016 by Steven Goldstein.. Sonic Ai has raised $29.09 million across 1 funding round from investors including InnoVen Capital and Addor Capital. The company has 17 employees as of December 31, 2022. Sonic Ai operates in a competitive market with competitors including Roon, Winamp, Lark Player, MumaStudios and Hash Music Player, among others.
- Headquarter United States
- Employees 17 as on 31 Dec, 2022
- Founders Steven Goldstein
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
- Legal Name Sonic Air Systems Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$29.09 M (USD)
in 1 rounds
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Latest Funding Round
$29.09 M (USD), Series B
Jan 04, 2019
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Investors
InnoVen Capital
& 1 more
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Employee Count
17
as on Dec 31, 2022
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Funding Insights of Sonic Ai
Sonic Ai has successfully raised a total of $29.09M through 1 strategic funding round. The most recent funding activity was a Series B round of $29.09 million completed in January 2019. 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 Total Funding
- Total Rounds 1
- Last Round Series B — $29.1M
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First Round
First Round
(04 Jan 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Series B - Sonic Ai | Valuation | Addor Capital |
| 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 Sonic Ai
Sonic Ai has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include InnoVen Capital and Addor Capital. 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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Investments are made by Addor Capital in early-stage technology companies.
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Founded Year | Domain | Location | |
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Venture debt financing is extended to companies across multiple sectors.
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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 Sonic Ai
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Sonic Ai
| 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 |
Sonic Ai Comparisons
Competitors of Sonic Ai
Sonic Ai operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Roon, Winamp, Lark Player, MumaStudios and Hash Music Player, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Music playback software is provided for streaming and data enrichment.
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| domain | founded_year | HQ Location |
Online media player application
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| domain | founded_year | HQ Location |
App-based player for streaming music content.
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| domain | founded_year | HQ Location |
Develops Android apps focused on music players with high install rates.
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| domain | founded_year | HQ Location |
Android app for music playback featuring equalizer, themes, and language options.
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| 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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Frequently Asked Questions about Sonic Ai
When was Sonic Ai founded?
Sonic Ai was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is Sonic Ai located?
Sonic Ai is headquartered in United States.
Is Sonic Ai a funded company?
Sonic Ai is a funded company, having raised a total of $29.09M across 1 funding round to date. The company's 1st funding round was a Series B of $29.09M, raised on Jan 04, 2019.
How many employees does Sonic Ai have?
As of Dec 31, 2022, the latest employee count at Sonic Ai is 17.
What does Sonic Ai do?
Sonic AI was founded in 2016 in the United States as a provider of technology focused on music streaming. Operations center on devices akin to Alexa, which support FMAM radio, satellite broadcasting, podcasting, and integration with mobile apps and websites. Content delivery is facilitated to aid skill improvement, incorporating features such as navigation tools, multi-language options, and audio guidance.
Who are the top competitors of Sonic Ai?
Sonic Ai's top competitors include Roon, Retro Music and Winamp.
Who are Sonic Ai's investors?
Sonic Ai has 2 investors. Key investors include InnoVen Capital, and Addor Capital.