Output promises music production software that helps creatives “find inspiration and break through writer’s block.” There may be something to their claim. The Los Angeles company just raised $45 million in a Series A round of investment capital from Boston private equity firm Summit Partners.
Music Business Worldwide reports that the minority investment marks the first time in Output’s seven-year lifespan that the company has raised funds. It will reportedly facilitate the company’s global expansion as well as playable instruments and mobile apps that developers plan to introduce.
“Technology democratized the creation process for video and photos,” said Output Founder and CEO Gregg Lehrman in a statement. “It makes sense that technology adoption would transition to music making.”
“We are working to inspire a new generation of music makers with a platform that brings the power of a studio to anyone, wherever they are,” he went on. “Summit’s deep experience in consumer technology, digital media and e-commerce make them an ideal partner to help accelerate our global impact.”
Lehrman, an ASCAP award-winning composer who worked under Hans Zimmer, founded Output in 2013. The company claims that its flagship program, Arcade, results in 50% of production sessions resulting in a new track, with the average user finding the core motif within 15 minutes. Songs by artists like Drake, Coldplay and Justin Bieber have been made possible with Output software, as have scores for TV series like Stranger Things and Game of Thrones.
More information on Output’s products is available on their official website.
