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Sony Music Makes First AI Investment, Leading Vermillio’s $16M Series A Funding Round https://t.co/Ep1h4qthbl
Music Industry Moves: Sony Music and DNS Capital Support Vermillio With $16 Million in Funding https://t.co/ao5dP5BCOn
Vermillio Completes $16 Million Series A Funding Round Led by Sony Music and DNS Capital https://t.co/D5Nv8kW17l https://t.co/IwNuQyBWGe
Vermillio, a startup specializing in AI licensing and protection, has successfully raised $16 million in a Series A funding round. The round was co-led by DNS Capital and Sony Music, marking Sony's first investment in AI technology. Vermillio's TraceID tool is designed to monitor online content for intellectual property usage, including names, images, and likenesses. CEO Dan Neely indicated that the company plans to expand its services into the sports sector, further diversifying its client base which already includes Sony Music.
