• Shazam Reports Higher Revenue, Loses, User Growth In 2014

    When it comes music apps, there are few as ubiquitous as Shazam. Since its humble beginnings in 1999, the music identification service has grown into world renowned app with over one hundred million users and elevated itself to "unicorn" status as a private tech company with a $1 billion dollar valuation. However to achieve all of that, the company has been hemorrhaging money. According to its 2014 filings, Shazam reported an increase in revenue, but an even higher losses. Despite the bad news, its users and daily searches jumped a considerable amount.

  • Shazam Announces Visual Recognition Feature, New Partnerships

    Since its inception in 1999, Shazam has become one of the most widely used music technologies in the world. With over 100 million active users each month, the Bay Area-based company has identified over 15 billion songs to date and that number is only growing rapidly each day. Now it is rolling out a brand new feature that takes the ability Shazam an item one step further with a new visual recognition feature.

  • Shazam Reveals Hit Prediction Data: Is Omi's 'Cheerleader' Next?

    Predicting what songs will be a hit can be an inexact science. Sometimes some songs seemingly come out of nowhere to become summer hits like Nico & Vinz "Am I Wrong" or the Robin Schulz remix of Mr. Probz "Waves." Staying ahead of trends and knowing which artists are set to break through, while also paying attention to those already established hit-makers is key, but with music becoming more data driven, we are able to predict with more accuracy the probability of the next big song. One of the main predictors in the music industry is Shazam, since a user Shazaming a song is a strong sign of interest in that one track. Cait O'Riordan, VP of product, Music and Platforms at Shazam spoke at the Strata Hadoop World 2015 Conference in London to discuss how the platform predicts a song's success and showed that the next one might Omi's single "Cheerleader."

  • Shazam Gets $1 Billion Valuation After $30 Million from New Funding Round

    Shazam has hit the magic $1 billion valuation mark. After a recent round of funding worth reportedly $30 million, the song-identification and discovery app has found itself joining the billionaire boys club — the real one. Fittingly, according to Shazam Chairman Andrew Fisher in an interview with "Bloomberg," "We had a couple of billionaires who participated in the funding round." Fisher also further discussed plans for a potential Shazam IPO saying, "Strengthening the balance sheet gives us more choices about when we would go to the public market."
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