Myxt co-founders Chris Wetherell and Sheena Pakanati. Photo Credit: Myxt
Myxt, a self-described “collaborative music workplace,” has officially launched and announced that it’s secured $2 million from investors.
San Francisco-headquartered Myxt, which arrived on the scene in 2018 and says that it’s “built to confront the industry-wide problem of file sharing,” today unveiled the end of its years-long beta as well as the multimillion-dollar seed raise. Palo Alto’s Accel and Epic Games backer Quiet Capital (not to be confused with the Sydney venture firm of the same name) led the round, and Myxt intends to put the funding towards building out its core offering and expanding its userbase.
Founded by former Google engineer Chris Wetherell (who’s said to have conceived Google Read) and former Stripe engineer Sheena Pakanati, Myxt enlisted musicians, producers, and managers alike to test its offerings while in beta, according to higher-ups.
Now, the audio-centered collaboration platform is equipped with “WAV support and time-stamped commenting,” sharing features including “an embedded video-export tool,” and, in keeping with the growing prevalence of artificial intelligence, AI functions such as “reference track mastering and auto generated lyrics,” per execs.
A cursory glance at a live demo of Myxt – available on web, iOS, and Android devices – shows that the service can currently detect chords/tabs, BPM, and more from uploaded audio files, besides automatically transcribing lyrics and enabling users to share said files (which can be set to video) via streamable links, as highlighted.
With a free “Tester” tier as well as a $6-per-month standard variation and a $15-per-month professional plan available at present, Myxt has also emphasized the varied communication and collaboration options that creators can choose from.
Addressing the $2 million raise in a statement, Myxt head Chris Wetherell communicated: “Imagine if someone designed file sharing for artists as a starting point, rather than an afterthought. Millions of artists need to stream their files and be able to work on them in increments down to the millisecond.
“Myxt was born out of the need for an intuitive tool that understands how collaboration works in audio. We first set out to confront file storage and sharing, and have enhanced it with other AI and audio tools to make it as easy as possible for artists to focus on their work,” concluded the former Avocado Software CEO Wetherell.
And in remarks of his own, Accel partner Dan Levine relayed in part: “Workflow software such as Figma and GitHub has enabled tremendous increases in productivity for designers and software engineers respectively. Audio creators have been left behind and Myxt is here to help them catch up.”
Last October, Montreal-headquartered musician-collaboration startup BeatConnect closed a $2.2 million raise, while credits and collaboration platform Session sold to Salt last month.