Berlin – SoundCloud, the provider of a music streaming and
sharing service, is in the process of raising a "significant" new
round of funding, and talking to backers including Index Ventures and Union
Square Ventures, All Things D reported, citing sources.

The Berlin-based,
three-year-old company last raised $3.3 million in 2009.

SoundCloud counts over
a million registered users for its service, which lets artists and fans share
streaming songs and playlists.

The company is reportedly working with Audible
Magic to incorporate audio fingerprinting technology that will help it combat
unauthorized uploads.


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(All Things D)


  1. Rally cool site – grab all the hottest tracks, get cool samples and mixes for free and build super sized traffic. Damn right they are flying high with all the cool free tracks made from the chart toppers. But what’s left after audible magic gets through with them – like ALL their good tracks are ripped off, so what will be left?