{"id":178669,"date":"2023-11-02T16:00:14","date_gmt":"2023-11-02T16:00:14","guid":{"rendered":"https:\/\/www.musicbusinessworldwide.com\/?post_type=companies&#038;p=178669"},"modified":"2023-11-10T14:06:28","modified_gmt":"2023-11-10T14:06:28","slug":"bandlab-technologies","status":"publish","type":"companies","link":"https:\/\/www.musicbusinessworldwide.com\/companies\/bandlab-technologies\/","title":{"rendered":"BandLab Technologies"},"content":{"rendered":"<p>BandLab Technologies is a Singapore-based music technology company.<\/p>\n<p>The company is led by CEO &amp; Co-founder, Meng Ru Kuok.<\/p>\n<hr \/>\n<h6>Portfolio<\/h6>\n<p>BandLab Technologies\u2019 portfolio includes flagship social music creation platform BandLab, music production software Cakewalk, artist services platform ReverbNation, and beat marketplace Airbit.<\/p>\n<p>The company\u00a0<a class=\"link-internal\" href=\"https:\/\/musicbusinessworldwide.com\/after-reaching-60m-registered-creators-bandlab-acquires-beat-marketplace-airbit\/\" rel=\"noopener\">acquired<\/a> Airbit in February 2023, and Reverbnation <a class=\"link-internal\" href=\"https:\/\/www.musicbusinessworldwide.com\/singapores-bandlab-acquires-diy-artist-services-platform-reverbnation\/\" target=\"_blank\" rel=\"noopener\">in 2021<\/a>. It acquired certain assets and the complete intellectual property of Cakewalk Inc. from Gibson Brands in 2018.<\/p>\n<p>BandLab\u00a0<a class=\"link-internal\" href=\"https:\/\/www.musicbusinessworldwide.com\/after-raising-25m-bandlab-rebrands-cakewalk-production-software-as-part-of-plan-to-empower-all-creators\/\" target=\"_blank\" rel=\"noopener\">rebranded<\/a> Cakewalk in June 2023, and unveiled <a class=\"link-internal\" href=\"https:\/\/www.musicbusinessworldwide.com\/bandlab-unveils-new-branding-for-artist-services-platform-reverbnation\/\" target=\"_blank\" rel=\"noopener\">new branding<\/a> for artist services platform ReverbNation in early 2023.<\/p>\n<p>The company&#8217;s flagship namesake platform (BandLab) offers a range of features such as the cross-platform digital audio workstation Studio, royalty-free sample and loops service Sounds, and the AI music generator tool SongStarter. The app has <a class=\"link-internal\" href=\"https:\/\/www.musicbusinessworldwide.com\/spotify-wants-50-million-creators-bandlab-already-has-60-million\/\">over 60 million registered users<\/a>.<\/p>\n<hr \/>\n<h6>Rebrand<\/h6>\n<p>In August 2023, the company unveiled what it said was \u201ca comprehensive rebrand\u201d.<\/p>\n<p>The company launched a new corporate <a class=\"link-external\" target=\"_blank\" href=\"https:\/\/www.bandlabtechnologies.com\/\" rel=\"noopener\">website<\/a>, which it said will serve as a central hub for its music technology offerings.<\/p>\n<p>BandLab <a class=\"link-internal\" href=\"https:\/\/www.musicbusinessworldwide.com\/singapores-bandlab-technologies-rebrands-as-caldecott-music-group\/\" target=\"_blank\" rel=\"noopener\">formed parent company<\/a>\u00a0Caldecott Music Group in 2021 to house three divisions: BandLab Technologies, Vista Musical Instruments, and\u00a0<a class=\"link-external\" target=\"_blank\" href=\"https:\/\/nmenetworks.com\/\" rel=\"noopener\">NME Networks<\/a>.<\/p>\n<hr \/>\n<h6>Funding<\/h6>\n<p>The rebrand followed the company\u2019s <strong>$25 million<\/strong>\u00a0Series B1\u00a0<a class=\"link-internal\" href=\"https:\/\/www.musicbusinessworldwide.com\/bandlab-raises-another-25m-valuing-music-creation-company-at-425m\/\" target=\"_blank\" rel=\"noopener\">funding round<\/a>\u00a0that raised the company valuation to\u00a0<strong>$425 million<\/strong>\u00a0post-money.<\/p>\n<p>That latest investment followed the company\u2019s successful Series B round in April 2022, where BandLab\u00a0<a class=\"link-internal\" href=\"https:\/\/www.musicbusinessworldwide.com\/social-music-creation-platform-bandlab-closes-series-b-funding-round-at-65m\/\">raised $65 million<\/a>\u00a0and achieved a post-money valuation of $315 million.<\/p>\n<hr \/>\n<h6>AI<\/h6>\n<p>In August 2023, BandLab <a class=\"link-internal\" href=\"https:\/\/www.musicbusinessworldwide.com\/bandlab-becomes-first-music-creation-platform-to-support-human-artistry-campaign\/\" target=\"_blank\" rel=\"noopener\">became<\/a>\u00a0the first music creation platform to support ethical AI alliance, the Human Artistry Campaign.<\/p>\n<p>In October 2023, Universal Music Group (UMG) and BandLab Technologies <a href=\"https:\/\/www.musicbusinessworldwide.com\/universal-music-strikes-first-of-its-kind-strategic-ai-partnership-with-bandlab-technologies1\/\" target=\"_blank\" rel=\"noopener\">announced<\/a> plans for what they call \u201can expansive, industry-first strategic relationship concentrated on artificial intelligence\u201d.<\/p>\n<p>Also in October, BandLab Technologies <a href=\"https:\/\/www.musicbusinessworldwide.com\/drew-silverstein-joins-bandlab-technologies-as-senior-advisor-ai-innovation-and-strategy\/\" target=\"_blank\" rel=\"noopener\">appointed<\/a> Drew Silverstein as Senior Advisor, AI, Innovation, and Strategy. The exec was the Co-founder and former CEO of AI-driven music platform Amper Music and former VP of Music at Shutterstock. (Amper was\u00a0<a class=\"link-internal\" href=\"https:\/\/www.musicbusinessworldwide.com\/shutterstock-acquires-ai-driven-music-platform-amper-music\/\" target=\"_blank\" rel=\"noopener\">acquired<\/a>\u00a0by Shutterstock in 2020).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BandLab Technologies is a Singapore-based music technology company. The company is led by CEO &amp; Co-founder, Meng Ru Kuok. Portfolio BandLab Technologies\u2019 portfolio includes flagship social music creation platform BandLab, music production software Cakewalk, artist services platform ReverbNation, and beat marketplace Airbit. The company\u00a0acquired Airbit in February 2023, and Reverbnation in 2021. It acquired certain &hellip; <a href=\"https:\/\/www.musicbusinessworldwide.com\/companies\/bandlab-technologies\/\">Continued<\/a><\/p>\n","protected":false},"featured_media":139109,"parent":0,"menu_order":0,"template":"","class_list":["post-178669","companies","type-companies","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/companies\/178669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/companies"}],"about":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/types\/companies"}],"version-history":[{"count":0,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/companies\/178669\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media\/139109"}],"wp:attachment":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media?parent=178669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}