Melodis, Sound Search Technology and Applications Innovator, Raises $4M Led by Walden Venture Capital and a Strategic Investor.
Larry Marcus from Walden Venture Capital joins the Melodis Board of Directors
SAN JOSE, California –August 4, 2009 – Pioneering sound search technology and applications innovator MELODIS Corporation, announced that they have raised $4M additional funding in a round led by Walden Venture Capital VII, with participation from a major global device manufacturer. Larry Marcus from Walden Venture Capital has joined the Melodis Board of Directors.
MELODIS’ mission is to make sound and speech the preferred means to search and navigate information on mobile or IP connected devices. “Melodis has established itself as a leading branded mobile application publisher with Midomi Ultra Music Identifier and Search and Melodis Voice Dialer on the iPhone and other devices. Additionally, we have a growing list of licensing relationships with marquis device manufacturers and carriers globally,” said Keyvan Mohajer, Chief Executive Officer of MELODIS Corporation. “We are thrilled to add Walden Venture Capital as a partner and bring Larry Marcus’ deep experience in consumer services and digital media to our team.”
“Melodis Sound2Sound Search Science is a breakthrough technology with a mass market future in empowering applications,” said Larry Marcus. “The unique methodology of Sound2Sound provides breakthroughs in speed and accuracy that can be leveraged across a plethora of applications that would benefit from sound or voice as the starting point for search. The Company’s flagship application, Midomi Ultra is already the top paid music app on iTunes. It targets people who love music, allowing quick identification of a song one hears playing, or enabling rapid search for music people know.”
About Walden Venture Capital
Walden Venture Capital is based in San Francisco and was founded in the mid 1970s. Walden specializes in early institutional rounds in the digital media, consumer and enterprise technology enabled services and eCommerce sectors. Walden seeks best-in-class products or services with massive growth potential, proven technology and capital efficient entrepreneurs. Walden owes its success in large part to the close relationships that it forms with the management teams it backs and works closely with to navigate product, sales and marketing strategy, recruiting, business development, financings and exit opportunities. Walden’s portfolio includes Pandora (IP Radio), Glam (top 10 US web site), Real Girls Media (women’s media site), Comedy.com, H5 (legal discovery tech enabled service), Palamida (open source application security) and Telekenex (IP and telecom services provider). Realized investments include Blue Lithium (acquired by Yahoo), Niku (acquired by Computer Associates), Vitalstream (acquired by Internap), Terayon (acquired by Motorola), Gymboree and Transmeta. More information at www.waldenvc.com.
Larry Marcus’s bio is available at www.waldenvc.com/site/larry.html
About MELODIS Corporation
MELODIS is a sound search technology and applications company headquartered in Silicon Valley, California. Its mission is to make sound and speech the preferred means to search and navigate information on mobile or IP connected devices. MELODIS is the creator of the Sound2Sound™ Search Science, a proprietary methodology that searches sound against sound, bypassing traditional sound to text conversion techniques even when searching text databases. The result is improved accuracy, faster response time and increased scalability. Sound2Sound™ Search Science powers applications including Midomi Ultra Music Identifier and Search and Melodis Voice Dialer. MELODIS has numerous partnerships with global companies including leading device manufacturers and operators that are leveraging the Sound2Sound™ Search Science for their respective platforms.
MELODIS is backed by leading Silicon Valley investors, including Global Catalyst Partners, TransLink Capital, Walden Venture Capital and JAIC America. For more information, visit www.melodis.com.