Byta, the music sharing service for pre-releases and different use-cases the place there’s a have to share sound recordsdata privately, has picked up round $1.four million in seed funding.
The spherical was led by the Canada Media Fund, with participation from of personal buyers. They embody musician Scott Kannberg, one of many authentic members of 90s indie rock financial institution Pavement, who I’m informed found Byta as a consumer of the service.
Launched as an MVP in 2015, at present Byta describes itself as “the platform for music earlier than it’s on streaming companies”. The service lets anybody ship and obtain digital audio in a “clear, easy and safe manner,” and is claimed for use by bed room artists to giant file corporations for sharing music recordsdata in the course of the pre-release course of and for collaboration, corresponding to with bandmates, labels, promoters, writers, and DJs and so on.
“Throughout the music ecosystem, everyone seems to be privately sharing audio recordsdata and streams, lengthy earlier than tracks and albums are launched on streaming companies and pressed to vinyl,” explains Byta co-founder and CEO Marc Brown, who has labored within the music trade for 25 years.
“An artist’s music is their foreign money, and when recipients usually are not in a position to pay attention effortlessly, they’ll transfer on. The extra time that’s taken up by technical delays, the much less time there may be for listening. Though exhausting to imagine, these easy duties are tough to perform effectively on a desktop, and just about unimaginable on cell. Byta allows anybody within the music ecosystem to ship and obtain digital music in a clear, easy and safe manner, on desktop and on cell”.
With regards to use-cases, Brown says producers and artists of all sizes use Byta to shortly swap tracks within the studio, and that managers and bigger labels use the platform to securely share excessive profile releases with key contacts throughout the music trade. “Byta is music’s first vertical SaaS, which means our market is the entire music ecosystem,” he says.
To that finish, Byta is competing most immediately with generic file sharing companies, corresponding to WeTransfer and Dropbox), together with artist streaming platforms like Soundcloud.
Adds the Byta CEO: “Unlike our opponents, Byta is constructed particularly for music. Byta is the one platform which takes benefit of audio recordsdata distinctive properties: embedded metadata, audio high quality and streamability”.