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Shazam raises $32 million, targets television

Shazam, the music service that allows users to identify music through their smartphones, has raised $32 million and is targeting televisions for future growth. The company announced yesterday it had raised the money from Kleiner Perkins Caufield & Byers, and Institutional Venture Partners. โ€œShazam has experienced incredible growth over the last year and established itself […]
Patrick Stafford
Patrick Stafford

Shazam, the music service that allows users to identify music through their smartphones, has raised $32 million and is targeting televisions for future growth.

The company announced yesterday it had raised the money from Kleiner Perkins Caufield & Byers, and Institutional Venture Partners.

โ€œShazam has experienced incredible growth over the last year and established itself as the ultimate mobile App for media discovery and interaction,โ€ KPCB partner Matt Murphy said in a statement.

 โ€œThe recent additions of Shazam Friends, synchronized lyrics in LyricPlay, and Shazam for TV are just the start to expanding the functionality of a magical technology.โ€

The company wants to allow users to identify commercials and other brands through the app, and then provide users with more related content.