Data = money

Shazam raises $30 million, now valued at more than $1 billion

Music recognition specialist Shazam has raised an additional $30 million from undisclosed investors. The new round of funding propels Shazam’s valuation north of $1 billion and brings the total amount of money raised by the company to around $125 million. Shazam now has more than 100 million monthly active users and has been expanding into both TV show and print content recognition. (If you’re interested in what else is possible with music data, make sure to check out our upcoming Structure Data conference, where we’ll have Spotify’s music scientist Brian Whitman.)