Series A Investors Include Live Nation Board Member & Former Clear Channel Communications President Randall Mays, Tech Incubator Endanik, Ethos VC & More

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AiMi, the artist-driven, AI-powered technology platform that is transforming the creation, consumption and monetization of music, has closed its Series A round of investments. The new funding enables AiMi to continue its research and development of groundbreaking AI initiatives, including forthcoming programs, products and services focused on supporting artists in the production of computational music, while delivering fans interactive and immersive new experiences. 

Joining the AiMi team as Series A investors are a distinguished syndicate led by Live Nation Entertainment Board Member and former Clear Channel Communications President Randall Mays, tech incubator Endanik, Ethos VC and more. 

AiMi President & CEO Edward Balassanian says, "Randall Mays is a leader of his field, and it is an honor to have investors of this caliber as part of our team. They have each been tremendous supporters of AiMi and our vision to reimagine the listener's relationship with music. Having them on board opens up a world of opportunities as we expand our offerings and empower more and more artists."

"The music industry is ripe for disruption. Edward and the team at AiMi have the right vision and the conviction to create a truly innovative platform. I'm excited to be part of that revolution," adds Randall Mays, who served as Chairman of Live Nation from its inception until its merger with TicketMaster. 

Bridging the divide between art and artificial intelligence, AiMi delivers endless experiences of electronic music that never repeat and constantly evolve to the tastes and mood of each listener. Every sound heard on AiMi is created in real time, through a collaboration between artist partners and the intuitive, innovative AI technology the company has developed. 

Version 2.0 of AiMi is now available for free in mobile app stores, moving further beyond the limitations of recorded music as users can choose between six modes of visceral, adaptive listening. Download AiMi and press play: https://www.aimi.fm

About AiMi 

AiMi is a revolutionary breakthrough in generative music that will fundamentally change the way the art form is created, consumed and ultimately monetized. The platform delivers endless, immersive compositions that are crafted by artists, powered by artificial intelligence and molded by the mood of each individual user. For fans of electronic music, AiMi offers a new form of listening - one that is adaptable and ever-evolving. AiMi is free to use and free of ads. Six unique experiences are currently included with the app, ranging from meditation to high energy music and a broad spectrum of sounds, styles and genres in between. 

About Edward Balassanian

With more than 25 years of experience in the technology industry, Edward Balassanian has founded and funded numerous startups ranging from operating systems to consumer packaged goods. He most recently founded AiMi, the groundbreaking new music platform that allows fans to enjoy immersive listening experiences, while providing artists a new medium to create and monetize AI-powered music. In addition to AiMi, Edward has founded startups including BeComm Corporation, a pioneer in building operating systems for digital devices, Be Labs - an IP centric incubator - Vital Juice and Strings Inc, among others. A graduate of the University of Washington with Distinction in Computer Science, Edward started his career at Microsoft where he worked from 1990-1995. He is the named inventor on over 80 patents in technologies ranging from gesture interfaces, networking, distributed processing, and digital music synthesis.