GD Ventures has made a pre-seed investment in Wavv AI (CEO Ivan Linn), a US startup that is innovating AI music generation technology. The investment amount is undisclosed.
Wave AI is a company that provides AI-based music generation and intellectual property protection solutions targeting the advertising, gaming, media, and entertainment industries. Unlike existing AI music generation models that utilize audio samples, Wave AI significantly reduces the risk of copyright infringement by applying the 'Musica' AI model that utilizes MIDI, which is based on electronic music. The MIDI-based AI music generation method is a format that records actual performance data, so it can directly create compositions, making it free from copyright issues. Based on this, Wave AI is also operating a separate SaaS platform so that companies can utilize music in various industries such as advertising, gaming, and SNS without worrying about copyright.
In addition, Wave AI is recognized for its technological prowess through collaborations with global organizations and companies such as NASA and OpenAI. It produced music to be used in NASA's total solar eclipse project using Wave AI's 'Musica', and is also conducting research on combining voice synthesis and multimodal AI systems through collaboration with OpenAI. Wave AI is also establishing global AI music utilization cases by continuing collaborations with famous artists such as The Chainsmokers and Grimes.
Based on this investment, Wave AI plans to expand its share in the B2B SaaS market and further strengthen its global partnerships. It also plans to enter the B2C market and build a platform where individual creators can easily utilize AI music.
“Wave AI will be a game changer that will transform the music industry with its innovative approach of MIDI-based AI music generation,” said GD Ventures CEO Kim Ha-kyung. “GD Ventures plans to continue to expand its investment in innovative global startups that are expected to have explosive growth in the future.”
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