SAN JOSE, Calif. – August 20, 2014 – PernixData, the leader in server-side storage intelligence, announced today that the company has raised $35 million in Series C funding. Menlo Ventures led the oversubscribed round, which also included new individual investments from Marc Benioff (chairman an…
New York – August 20, 2014 – Today Shazam® announced it has more than 100 million mobile monthly active users (MAUs), a 34 percent increase year-over-year and a milestone achieved in the past only by an elite group of services, including the likes of Facebook, Twitter and YouTube. The app has been downloaded onto more than 500 million mobile devices to date and is adding users at a rate of 13 million per month. This massive user base Shazams more than 20 million times per day.
“Shazam is evolving from being a way to identify a song to a way for people to explore and connect with the world around them,” said Rich Riley, CEO. “Shazam now delivers a deeper discovery and content experience for music and TV, with retail, cinema and more coming soon. Our rapid user growth and engagement demonstrates that consumers are hungry for an immersive mobile experience.”
Also driving growth is Shazam’s continued attention to a seamless user experience. Improvements to app speed and simplicity are a central focus of the company’s product and engineering team, which includes a group of over 120 scientists and engineers. The company has been granted over 200 patents and continues to innovate aggressively. Now, most Shazams take less than 4 seconds, giving users access to the content they want almost instantly.