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Friday, Mar 29, 2024

In Perfect Harmony

Entertainment technology company Music Mastermind is closer to releasing its create-and-share music platform after receiving $10.8 million in funding from private investors. The Calabasas-based firm received $6.8 million from Intel Capital and Liberty Global and $4 million from angel investors. It received $5 million in funding for the project in early 2010. The company’s music technology combines elements of music production tools, interactive entertainment and social engagement, said president and COO Bo Bazylevsky, in a recent news release. Create-and-share, Bazylevsky said, is about “empowering everyone to experience the joy that comes from making and sharing great music.” The company spent three years developing its technology, he said. The technology, called Sound Better, can turn the human voice into an instrument, create studio quality backing tracks and beats and generate musical hooks, said company spokesperson Lexi Newman. It is the back end for the create-and-share platform that Music Mastermind hopes to have ready for release by mid to late summer, she said. Bazylevsky, a Wall Street bond trader, runs Music Mastermind with founder Matt Serletic, a former executive with Virgin Records. — Mark R. Madler

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