Music AI, the “AI-first” company behind the increasingly popular Moises music creation platform, has announced it has raised USD $40 million in a Series A funding round.

The round was led by Connect Ventures – an investment partnership between entertainment and sports agency CAA and venture capital firm New Enterprise Associates (NEA) – along with Brazilian investor monashees.

Other participants included Kickstart, Samsung Next, Toba Capital, Valutia, and Pelion. Prominent music industry personalities Freddy Wexler, 3LAU, and Alexander23 also participated. The Series A round consisted of a $30 million primary round and $10 million secondary round.

In a statement on Wednesday, Music AI said its consumer-focused Moises platform now has 50 million registered users worldwide – a 66% increase from the 30 million users it reported in April 2023. Apple’s App Store named Moises the iPad App of the Year in 2024.