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10.02.09 Band Metrics Invests In Georgia Tech Fund  By Bruce Houghton Music analytics firm Band Metrics has received an investment from the Georgia Tech Edison Fund, an early-stage technology fund managed by the Advanced Technology Development Center. The amount of the investment was not disclosed. Band Metrics is a web based system that provides in-depth geographical reporting of where and how music is played, shared and discussed online. Artists, managers, labels and others can identify fans, measure social engagement, find hot markets, track radio play, discover trends and gauge attitudes. The site is presently in private beta, but you can register for an account. "We're thrilled about the investment and grateful to the ATDC, as the investment will assist us in completing our initial product offering for our public beta release later this year, and continued development in 2010." stated Duncan Freeman, Founder and President of Band Metrics. "Additionally, we could not have asked for a better investment partner, as the ATDC, one of the nation's leading university-based technology accelerators is committed to Atlanta's thriving technology community, and helping startups become successful companies."
About the Georgia Tech Edison Fund: Launched by a multi-year grant from the Charles A. Edison Fund (named for Thomas Edison's son, a successful businessman, former United States Secretary of the Navy and 42nd Governor of New Jersey), the Georgia Tech Edison Fund provides seed funding for early-stage technology companies that have a close association with Georgia Tech. Specifically, companies need to be either founded by Georgia Tech faculty, students and graduates; licensing technology from Georgia Tech; sponsoring research at Georgia Tech; or hiring large numbers of Georgia Tech alumni. The Edison Fund is managed by the Advanced Technology Development Center. Comments About the Author: Bruce Houghton is a 25 year music industry veteran who owns booking agency Skyline Music and the tour marketing company Skyline Innovations. http://www.hypebot.com |
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