BandLab Technologies is a Singapore-based music technology company.
The company is led by CEO & Co-founder, Meng Ru Kuok.
Portfolio
BandLab Technologies’ portfolio includes flagship social music creation platform BandLab, music production software Cakewalk, artist services platform ReverbNation, and beat marketplace Airbit.
The company acquired Airbit in February 2023, and Reverbnation in 2021. It acquired certain assets and the complete intellectual property of Cakewalk Inc. from Gibson Brands in 2018.
BandLab rebranded Cakewalk in June 2023, and unveiled new branding for artist services platform ReverbNation in early 2023.
The company’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 over 60 million registered users.
Rebrand
In August 2023, the company unveiled what it said was “a comprehensive rebrand”.
The company launched a new corporate website, which it said will serve as a central hub for its music technology offerings.
BandLab formed parent company Caldecott Music Group in 2021 to house three divisions: BandLab Technologies, Vista Musical Instruments, and NME Networks.
Funding
The rebrand followed the company’s $25 million Series B1 funding round that raised the company valuation to $425 million post-money.
That latest investment followed the company’s successful Series B round in April 2022, where BandLab raised $65 million and achieved a post-money valuation of $315 million.
AI
In August 2023, BandLab became the first music creation platform to support ethical AI alliance, the Human Artistry Campaign.
In October 2023, Universal Music Group (UMG) and BandLab Technologies announced plans for what they call “an expansive, industry-first strategic relationship concentrated on artificial intelligence”.
Also in October, BandLab Technologies appointed 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 acquired by Shutterstock in 2020).Music Business Worldwide