Beatdapp raises $17M to fight fraud for UMG, SoundExchange, Napster, and more
Music fraud detection company Beatdapp has announced new partnerships with SoundExchange and Napster and a strategic collaboration with Universal Music Group.
Beatdapp technology identifies streaming fraud and missing royalties for DSPs, labels, collection societies, creator tool services, and music distributors and boasts a false positive rate below 0.001%.
In 2023, Beatdapp analyzed over two trillion streams and twenty trillion data points and recently completed a $17 million financing round.
“While streaming has been the most significant technology advancement in music in many years, fraud fueled by a flood of uploads with no meaningful engagement, including non-artist noise content, has necessitated a more sophisticated, coordinated, proactive approach to mitigating streaming fraud, to foster a thriving music ecosystem,” said Michael Nash, Chief Digital Officer & Executive Vice President, Universal Music Group. “We must ensure we are supporting legitimate artistry, and deterring those who seek to abuse the open, global music industry,”
“As a neutral third party, Beatdapp is the impartial provider of objective analysis that our growing roster of clients can count on to get fraud detection,” said Beatdapp Co-CEOs Andrew Batey and Morgan Hayduk. “This new funding allows us to deploy the most sophisticated fraud detection models, built on an industry leading data set, and further enhances our reach to meet growing market demand for our capabilities across all corners of the globe.”
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- Featured Executive: A talk with Beatdapp cofounder Pouria Assadipour
- Beatdapp helps rightsholders and DSPs catch streaming farms, bots, hijacked accounts
Bruce Houghton is the Founder and Editor of Hypebot, a Senior Advisor at Bandsintown, President of the Skyline Artists Agency, and a Berklee College Of Music professor.
