About Udio
Udio is a company based in New York (United States) founded in 2023 by David Fengning Ding and Yaroslav Ganin.. Udio has raised $10 million across 1 funding round from investors including Andreessen Horowitz, Mike Krieger and Oriol Vinyals. Udio operates in a competitive market with competitors including Splash, Aiva Technologies, LifeScore, DAACI and Beatoven.ai, among others.
- Headquarter New York, United States
- Founders David Fengning Ding, Yaroslav Ganin
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Spectrum Home Care Solutions Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10 M (USD)
in 1 rounds
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Latest Funding Round
$10 M (USD), Seed
Apr 10, 2024
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Investors
Andreessen Horowitz
& 3 more
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Employee Count
Employee Count
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Funding Insights of Udio
Udio has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Seed round of $10 million completed in April 2024. 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 Seed — $10.0M
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First Round
First Round
(10 Apr 2024)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Seed - Udio | Valuation | a16z |
| 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 Udio
Udio has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Andreessen Horowitz, Mike Krieger and Oriol Vinyals. 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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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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MK
Mike Krieger |
Co-founder of Instagram, angel investor, focused on tech and social impact.
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Founded Year | Domain | Location |
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OV
Oriol Vinyals |
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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 Udio
| 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 - Udio
| 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 |
Udio Comparisons
Competitors of Udio
Udio 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 Splash, Aiva Technologies, LifeScore, DAACI and Beatoven.ai, 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 |
PC and console musical gameplay is developed with AI instruments.
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| domain | founded_year | HQ Location |
AI platform composes soundtracks and songs based on user inputs.
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| domain | founded_year | HQ Location |
AI-based software for real-time music creation is provided by LifeScore.
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| domain | founded_year | HQ Location |
AI-based solutions for music creation are provided to users.
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| domain | founded_year | HQ Location |
Royalty-free AI-generated music is created and licensed for users.
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| domain | founded_year | HQ Location |
Mobile and desktop app for vocal recording, processing, and effects tools.
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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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Latest news on Udio
Frequently Asked Questions about Udio
When was Udio founded?
Udio was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is Udio located?
Udio is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Udio?
David Fengning Ding is the current CEO of Udio. They have also founded this company.
Is Udio a funded company?
Udio is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Seed of $10M, raised on Apr 10, 2024.
What does Udio do?
Udio was founded in 2023 and is headquartered in New York, United States. The platform operates in the AI-driven music sector, where music tracks in diverse styles are produced through user-submitted text prompts. Realistic audio outputs are enabled for on-demand creation, supporting various genres. Operations focus on accessible music generation tools for individual users and creators.
Who are the top competitors of Udio?
Udio's top competitors include Splash, Riffusion and Aiva Technologies.
Who are Udio's investors?
Udio has 4 investors. Key investors include Andreessen Horowitz, Mike Krieger, Oriol Vinyals, and will.i.am.
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