The round was led by the Canada Media Fund, with participation from of private investors. They consist of artist Scott Kannberg, among the original members of 90s indie rock bank Pavement, who I’m told discovered Byta as a user of the service.
Released as an MVP in 2015, today Byta explains itself as “the platform for music before it’s on streaming services”. The service lets anyone send out and receive digital audio in a “tidy, protected and simple method,” and is said to be utilized by bed room artists to big record business for sharing music files throughout the pre-release process and for partnership, such as with bandmates, labels, promoters, djs, and authors etc.
“Throughout the music ecosystem, everyone is privately sharing audio files and streams, long prior to tracks and albums are launched on streaming services and pressed to vinyl,” discusses Byta co-founder and CEO Marc Brown, who has actually operated in the music industry for 25 years.
“An artist’s music is their currency, and when recipients are not able to listen easily, they will carry on. The more time that is used up by technical hold-ups, the less time there is for listening. Tough to think, these basic tasks are hard to achieve efficiently on a desktop, and practically difficult on mobile. Byta allows anybody in the music environment to send and get digital music in a clean, simple and secure way, on desktop and on mobile”.
With concerns to use-cases, Brown states manufacturers and artists of all sizes use Byta to rapidly swap tracks in the studio, which managers and larger labels utilize the platform to safely share high profile releases with essential contacts throughout the music industry. “Byta is music’s very first vertical SaaS, suggesting our market is the entire music ecosystem,” he states.
To that end, Byta is competing most straight with generic file sharing services, such as WeTransfer and Dropbox), together with artist streaming platforms like Soundcloud.
Includes the Byta CEO: “Unlike our competitors, Byta is built specifically for music. Byta is the only platform which benefits from audio files distinct properties: ingrained metadata, audio quality and streamability”.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.