Today (July 23), we learn that Bytedance has acquired Jukedeck, a UK-based AI Music startup which has raised $2.5m to date from investors such as Cambridge Innovation Capital, plus Parkwalk Advisors, Backed VC and Playfair Capital. Guess what Jukedeck specializes in? Yep: creating royalty-free music for user-generated online videos.
Source: TikTok owner Bytedance buys AI music company Jukedeck