Balderton Capital is a European venture investor with a portfolio spanning financial technology and internet businesses.
The oversubscribed Series C round was led by Sofina and brings the company's total funding to $170m.
"In the next few years, every payment decision in a large business will be initiated, optimised or audited by AI. That shift is already underway"
The round was co-led by Eclipse, Balderton and SoftBank Vision Fund 2.
"We are making larger investments in high growth companies like Wayve to support the UK’s most promising businesses to start, scale, and stay in the UK."
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The oversubscribed seed round was led by Balderton Capital and will support team expansion and product development.
"The creative process has always been integral to music-making and to music’s role in shaping global culture. Far from replacing creativity, AI is levelling up that adrenaline-filled process through which musicians compose and discover the right sounds. Mozart AI is building powerful generative tools for the next era of collaborative music creation that will enable every artist – from casual creators to professional producers – to turn any idea into a release-ready song in minutes, with commercial rights. We’re building toward a world where a spark of creativity – a guitar riff, a melody, an idea – can be transformed into a fully produced, monetisable song with a professional music video, without requiring technical knowledge or fragmented tools."
The Series B round was led by Mitch Rales to fund US market growth and further technological development.
The round was led by Sofina with participation from Better Society Capital and existing investors.
"Stream exemplifies how placing impact considerations at the heart of product development can drive sustainable commercial value. Its focus on tackling the 'poverty premium' not only works to improve financial resilience, but also solve critical challenges for employers. Stream's dedication to understanding and improving their products' impact on users enables greater positive outcomes and propels their strong commercial growth, and we look forward to the impact this funding will support."
