Print
Email
Print Edition StoriesThursday, March 4, 2010
The Echo Nest wins another $500K NSF grant
By Mass High Tech staff
Online video firms target small video publishing companies
MHT's Galen Moore: New 'hyperlocal' web trend
Map of New England mapping companies
Somerville-based maker of “music intelligence” technology The Echo Nest Inc. has been awarded a $500,000 Phase 2B SBIR grant from the National Science Foundation to further develop the company’s technology to analyze music choices by fans.
The Small Business Innovation Research grant is for an NSF-funded project called “Automated Community and Sentiment Mining for Global Media Preference Understanding.” The Echo Nest has been using its “Fanalytics” platform to index and analyze music fan activity across the web.
The Echo Nest won the first $500,000 of the Phase 2 SBIR grant in May of 2008. The company makes a data mining platform that searches for information about music and listens to music on the Internet. The technology can be used to improve music personalization and behaviorally targeted advertising for music websites, according to officials.
In January, The Echo Nest raised $1.3 million in venture funding from 14 investors. The company previously raised at least one round of venture capital, led by Commonwealth Capital Ventures in Boston, as well as a handful of unidentified angel investors. That round’s dollar value was not disclosed.
The Echo Nest was founded in 2005 out of the MIT Media Lab by co-founders Tristan Jehan and Brian Whitman.
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
RSS Feeds
