A Grammy-nominated music producer has secured additional funding for his company offering technology to tackle digital piracy.
MUSO, co-founded by Kylie Minogue collaborator Andy Chatterley, raised an additional £3.5 million to extend its Series A, with both investments coming from Harwell Capital.
MUSO provides rightsholders with automated tools to remove pirated digital content.
It also offers data and insight on piracy audiences, and claims to have tracked 190 billion visits to piracy sites during 2018.
The company wants rightsholders to reconsider their outlook on piracy, insisting that audiences who stream or download unlicensed content are in fact an untapped market that can be converted into paying customers.
MUSO currently provides anti-piracy services to clients including Sony Interactive, IMG, and Entertainment One.
Commenting on the new funding, Harwell Capital managing director Daniel O’Brien said: “Since Harwell Capital’s first investment round nearly 2 years ago, Andy and the team have delivered significant value to existing and new clients including global leading corporate businesses and trade bodies, transformed the Board to include high-profile growth stage veterans, and expanded the product range and application to significantly ratchet their addressable market.
We remain supportive backers.”