Amper raises $4M to use AI to write music

Amper, a startup that offers AI-powered music composition, is announcing that it has raised $4 million in funding. The round was led by Two Sigma Ventures, with participation from Foundry Group, Kiwi Venture Partners and Advancit Capital. Amper previously raised funding from Brooklyn Bridge Ventures. You might not expect a film composer like Drew Silverstein (who founded the company with Sam Estes and Michael Hobe) to create a product that is ostensibly competes with his own work, but Silverstein doesn't see that way. Instead, he pitched Amper as a fast, affordable and royalty-free way to create the music for more "functional" projects (like commercials a or short online videos), where most companies would currently use pre-written stock music.