Shazam Passes 50m Users, Secures Funds

Mobile music discovery provider Shazam has revealed that more than 50 million people around the world have now used its service, an increase of 15 million users since February of this year. Shazam has also announced a strategic investment from Kleiner Perkins Caufield and Byers (KPCB), which counts Google and Amazon among the businesses it has assisted.
This milestone and the backing of KPCB is a testament to both the success and enormous potential of Shazam, says Shazam CEO, Andrew Fisher. Not only are significantly more people around the world accessing the service every day, they are using it with increased frequency, discovering and acquiring new music and sharing their discoveries with friends all from their mobile phones.”
The KPCB investment is being made from its iFund and will enable the company to continue to expand accessibility of the service around the world by continuing to develop applications for additional mobile platforms and in multiple languages.
Matt Murphy who led the investment for Kleiner Perkins and manages the iFund, says:  
Were delighted to be leading this round of financing for Shazam. Their iconic application is among the most popular and sticky in the mobile industry. Weve met hundreds of companies and received thousands of mobile app business plans, but none have distinguished themselves on par with Shazam. Were still in the early days of the mobile application phenomenon and Shazams leadership in the massive mobile entertainment and discovery category, positions them to be at the forefront as it evolves.