Tech content trusted by users in North America and around the world
6,683 Reviews & Articles | 45,685 News Posts
We are looking for a US-based news reporter, join our awesome team!

Shazam gets $40 million in funding from America Movil

Shazam gets $40 million in funding from America Movil
| Business, Financial & Legal News | Posted: Jul 8, 2013 3:04 am

Shazam, the app known for its music tagging abilities, has received $40 million in funding from America Movil, the largest wireless carrier in the Americas. This funding will be used to make a bigger push into Latin America though partnerships and other initiatives.

 

shazam_gets_40_million_in_funding_from_america_movil_1

 

Shazam is looking to partner with Latin American wireless companies to pre-install Shazam on the devices they sell. This will help gain new users and drive further use and engagement. Shazam boasts a user base of more than 350 million people and an active user count of 70 million.

 

Shazam chairman Andrew Fisher says that these numbers are due to a much faster app that allows users to quickly tag songs in a TV show or commercial. Shazam sees more than 10 million tags per day.

NEWS SOURCES:Techcrunch.com

Related Tags

Got an opinion on this news? Post a comment below!

Latest News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Subscribe to our Newsletter
Or Scroll Down