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Somerville,
Mass.
– The Echo Nest, the
developer of a music intelligence platform that helps music companies and
developers make online applications, announced it has been awarded a $500,000
Phase IIB SBIR grant from the National Science Foundation.

The company said the grant will be used to augment its existing "Fanalytics" capabilities, "providing
in-depth understanding of an artist’s existing and potential online fan
base."

Commercial applications of Fanalytics include targeted music
promotion, demographic and "psychographic" profiling of artist fan bases
and behaviorally-targeted advertising for online music applications.

The Echo
Nest was founded in 2005 by two MIT Media Lab PhDs.

 

Related Links:
http://echonest.com

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