Shazam brings its total valuation to over $1bn

PanARMENIAN.Net - Shazam, maker of the popular app for identifying songs, announced that it has raised $30 million in new funding, bringing its total valuation to more than $1 billion, VentureBeat reports.

The newly minted “unicorn” isn’t disclosing this round’s investors, although executive chairman Andrew Fisher told the Wall Street Journal that they have purchased just under three percent of the company’s equity, and have not previously invested in Shazam.

In addition to identifying music tracks, Shazam is now integrated into iOS, recognizes TV shows, has a Mac desktop app, Spotify integration, and more.

Back in August, Shazam announced it had reached 100 million monthly active users.

Shazam was founded in 2002 by Chris Barton, Philip Inghelbrecht, Dhiraj Mukherjee, and Avery Wang, and is based in London, UK. The company raised $20 million at a valuation of $500 million last March.