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Social Music App Hook Secures $3M in Additional Funding from Investors Including Kygo’s Palm Tree Crew, Khosla Ventures and Imaginary Ventures

Social Music App Hook Secures $3M in Additional Funding from Investors Including Kygo’s Palm Tree Crew, Khosla Ventures and Imaginary Ventures

April 4, 2025 Craig Etkin

For the First Time, Music Mixing on Social Media is Easy, Legal, and Compensates Musicians and Creators

NEW YORK, March 26, 2025 /PRNewswire/ — Hook, the platform where users can easily and legally remix songs by some of the top musicians in the world while earning income, today announces the closing of $3M in additional funding, bringing its total funding to $6M. The round includes new investments from Khosla Ventures, Kygo’s Palm Tree Crew, and The Raine Group, alongside continued support from existing investors, including Imaginary Ventures, Steve Cohen’s Point72 Ventures, KSHMR, and Waverley Capital, co-founded by former Warner Music Group CEO Edgar Bronfman, Jr.

Hook addresses the most critical challenge in the music industry today: the proliferation of unlicensed content across social media platforms. With 40% of music consumed on social media coming from remixes and mashups, often created without proper licensing, Hook provides a legitimate solution for creators while ensuring that rights holders maintain control and monetization of their content.

“We have built music’s new ecosystem, where creativity and rights can finally coexist. For too long, the industry has been stuck choosing between protecting artists’ rights and enabling creative expression. Hook creates a future where fans and creators can freely express themselves, artists and labels can properly monetize their work, and the entire music community thrives together,” said Gaurav Sharma, Founder & CEO of Hook. “This isn’t just about fixing a broken system – it’s about building the foundation for music’s next chapter.”

The new funding will accelerate Hook’s marketing efforts and strategic hiring, with a focus on user acquisition. The platform is the first specialized AI-powered tool for creating and distributing licensed remixed music content in short-form formats, filling the gap that existing editing tools haven’t addressed for the music industry.

“We are incredibly excited to invest in Hook and support its mission to innovate how artists and creators engage with their work and interact with their fans. We look forward to working with and supporting Gaurav and his team on this journey,” said Michael Diaz, CEO of Palm Tree Crew. 

Hook goes beyond traditional music creation tools, it is an expression platform that enables creators to produce legitimate, monetizable content while ensuring proper compensation for rights holders. This approach creates a sustainable model for the future of music creation and distribution in the social media era. In just four months, the company has partnered with 16 music partners and features music from over 1,200 artists such as Justin Bieber, Teddy Swims, BLOND:ISH, Playboi Carti, Ty Dolla $ign, KSHMR, Hardwell, Swae Lee, Big Sean, Migos, Soulja Boy, Sadie Jean, Jaden Smith, Killer Mike and Cash Cobain to create authorized remixes from their songs/catalog.

Hook is transforming music creation through its innovative AI and Machine Learning technologies that power creative remix tools, including genre and mood-changing filters and mashups. Hook’s commitment to ethical AI practices includes never training algorithms on artists’ music, an approach that has earned it industry recognition with Universal Music Group including Hook in its MusicForAI initiative as an approved, ethically-sound AI platform.

Since the app’s launch in October 2024, Hook has continued to expand its features for music fans with better discovery and recommendations and improved music remixing and video editing tools that make it easier than ever for fans and creators to express their music creativity and increase their viral potential. To support the music creator economy, Hook is pioneering short-form music monetization through its new creator monetization program. Music creators can now earn money based on engagement, referrals, and bonuses, empowering them to turn their passion into a sustainable income stream. Additionally, artists can now promote their catalog through on and off-platform promotions and Remix Challenges that allow creators and fans to interact with music in creative ways and win prizes.

About Hook

Hook is a new music technology platform that is innovating the way music is created, expressed and monetized on social media. Hook provides intuitive AI-powered tools that empower fans to quickly, easily and legally create new versions of their favorite songs for use on social media while also creating a new stream of revenue for artists and labels. For more information, visit www.hookmusic.com.

Media Contact:
Lindsay Stevens
2132009638
392435@email4pr.com 

SOURCE Hook Music

Copyright © 2025 Cision US Inc.


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Cision, Hook, New York, PRNewswire, Venture Capital

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Fabric, a leader in care delivery and consumer experience, has announced the acquisition of UCM Digital Health (UCM), a leading digital health and telehealth provider. The acquisition expands Fabric's services to about 400 new employer and payer customers, adding one million covered lives. Fabric now serves over 75 health systems, 30,000 employers, and over 100 million lives across all 50 states. This marks Fabric’s fifth acquisition in less than three years, underscoring its strategic build-and-buy approach to unify the fragmented digital health landscape. By expanding its footprint in the payer and employer markets, Fabric is extending its comprehensive care access and experience platform paired with its nationwide provider network to streamline virtual-first care, expand access, improve efficiency and outcomes, and reduce both medical and overhead costs.

In a statement Aniq Rahman, CEO and Founder of Fabric said, "For Fabric, it’s about making healthcare more accessible.” “We’ve already made meaningful progress in the payer and employer markets, and this acquisition allows us to deepen that impact. By bringing more payers and employers onto our platform, we’re creating a connected experience that streamlines workflows, reduces friction and costs, and ultimately drives better outcomes for members and our partners." Moving forward, the 400 payers and employers served by UCM will transition to Fabric’s expanded technology and clinical network, gaining access to enhanced omnichannel patient experiences that improve efficiency before, during, and after virtual care. Through Fabric’s nationwide provider network, patients can receive a treatment plan for most common medical conditions in just five minutes or connect with a behavioral health provider within three days.

Fabric is a health tech company on a mission to solve healthcare’s access problem. Fabric’s integrated care platform offers personalized guidance, streamlines workflows, and unifies experiences across virtual and in-person care. Its solutions support care delivery from a patient’s first search to post-treatment follow-up using its proprietary Hybrid AI that combines conversational AI and physician-built clinical logic. Together with a nationwide network of medical and behavioral health providers, Fabric is realizing its vision of providing care for everyone, everywhere. The company advances connected delivery that improves access, outcomes, and equity across every stage of the patient journey. Today, Fabric serves 30,000 employers, payers, and enterprise organizations, including OSF HealthCare, MUSC Health, Highmark, and Intermountain Health. Fabric is backed by General Catalyst, Thrive Capital, GV (Google Ventures), Salesforce Ventures, Vast Ventures, BoxGroup, and Atento Capital.
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Flex has closed a $60 million Series B equity round led by Portage, bringing total equity raised to $105 million. In the last year, the company has quadrupled revenue and tripled its payments volume to $3 billion as it scales its all-in-one business and personal finance platform for high-net-worth middle-market business owners. Running a profitable middle-market business has become one of the most complex financial jobs in America, with owners often juggling more than ten disconnected systems to manage their money. Flex was created to give these high net worth owners a single place to run both their business and personal finances. This latest $60 Million equity round, followed by its $200 Million debt and $25 Million equity raise announced earlier this year, builds on a period of rapid hypergrowth. In just 12 months, Flex has grown revenue fourfold and increased annualized total payments volume from $1 billion to $3 billion across a suite of products, positioning Flex as one of the fastest-growing fintech companies at scale with best-in-class capital efficiency.

Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. These customers now use an average of four or more Flex products. Flex’s Business Credit Card, which provides 60-day float on every transaction, has been a major driver of adoption, acting as the wedge into deeper financial operations. Once owners experience the benefits of the Flex Credit Card, they often go on to adopt Flex’s banking, payments, working capital, and expense management tools to replace fragmented legacy systems. This integrated model has allowed Flex to scale with high efficiency and has created a strong foundation for its expansion into personal finance.

Launched in 2023, Flex a Flexbase Technologies brand is the AI Native “Private Bank” for high net worth business owners in the middle market. Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. Flex is the first platform that supports every step of their financial lives, from the moment they earn revenue to the moment they spend it personally.
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Across the United States, a new industrial age is taking shape. Trillions of dollars in infrastructure, from energy projects and advanced manufacturing to data centers and critical mineral facilities, must be built in the next decade. But large construction projects are slower and more expensive today than they were half a century ago. Unlimited Industries, a California-based company using AI to rethink how infrastructure gets built, has raised $12 million in seed funding to change that. The round was co-led by Andreessen Horowitz and CIV, with participation from leading industry investors. The capital will accelerate Unlimited’s expansion and further develop its proprietary AI platform – one designed to make large-scale engineering and construction faster, cheaper, and more ambitious.

Unlike traditional construction firms or standard software companies, Unlimited is an AI-native construction company that both designs and builds. Its proprietary platform can generate and evaluate hundreds of thousands of design configurations in parallel, automatically identifying optimal layouts for cost, safety, and performance before construction begins. By integrating AI-driven design with its own vertically integrated engineering and construction teams, Unlimited eliminates the costly handoffs and misaligned incentives that have defined the industry for decades.

In a statement Alex Modon, Co-Founder and CEO of Unlimited Industries said, “Advances in AI mean we can finally build the physical world the way we build software.” “The traditional construction model is slow, brittle, and fundamentally misaligned. Our approach replaces static design choices with a dynamic, data-driven process that learns from every project. The result is faster, cheaper, and more successful projects.”

Unlimited is an AI-native construction company headquartered in San Francisco. Today, the company designs and builds across energy infrastructure, data centers, critical minerals, and advanced manufacturing, helping developers build with greater speed, ambition, and efficiency. Their mission is to build a future of radical physical abundance by automating construction end-to-end. The company was founded in 2025 by serial founders Alex Modon, Jordan Stern, and Tara Viswanathan.
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