Parola, a collaborative music platform has raised $2 million in seed funding led by Michael Cohen, a partner at Capital International, Yanki Margalit, founder of Innodo and Miki Tunis, senior vice president of The Orchard.
Founded few months ago, Parola is a collaborative music platform that allows its users to create, explore and discover music. On the heels of the fund-raising round, the company launched its first music app on iOS. It’s patented technology allows anyone to collaborate, record and remix separate tracks of songs in the music catalog, which traditionally was only accessible through professional recording studios. Users can add vocals and instruments to classic hits and create a song.
Ido Ariely, CEO of Parola said, ” Parola is reshaping the way music is created, opening up opportunities for a larger audience of music enthusiasts. We’re transitioning into a new music era, where users can be involved and engaged in every aspect and process of musical creation. We launched Parola as an open music platform, which is similar to open source, that is leveraging the creativity of the crowd.” With the fresh funds, the startup plans to develop its products and also invest in marketing to take it to wider market.