Shazam eclipses $1B valuation mark


TELEGRAPH: Music recognizing app Shazam now valued at more than $1 billion following a $30 million funding round.

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TELEGRAPH: Music recognizing app Shazam now valued at more than $1 billion following a $30 million funding round.

“We are delighted to welcome our new investors as we further strengthen our balance sheet and continue to effectively execute on our corporate strategy,” said executive chairman Andrew Fisher.

Founded in 1999, Shazam began its life as a phone and text-based music recognition service. Users could play a song down the phone and then get a text message containing the song title and artist name.

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