The Echo Nest -- the music data service that powers companies like iHeartRadio, Spotify, eMusic, VEVO, MOG and others -- has raised $17 million in a new round of financing. "The round brings Echo Nest’s total funding to just over $27 million, making it one of the most-funded music data companies out there," reports TechCrunch.
Echo Nest CEO Jim Lucchese says the new investment will help the company focus on global expansion. They've seen "a big spike in inbound interest from international developers and music companies, particularly in South American and Eastern Europe."
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