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30 Best Small Companies to Watch 2017

“Our music intelligence platform synthesizes billions of data points and transforms into musical understanding to power smarter music applications”: The Echo Nest

thesiliconreview-jim-lucchese-ceo-the-echo-nest-2017Technology is taking a whole another turn covering each and every space possible. Music being the new vertical, it is really interesting to see the role of Big Data in the evolution of music intelligence. Almost two decades ago, the popularity of music was limited to CDs, radio airplay, and concert box offices. Then, in the early nineties, online music sales and mp3’s came into the scenario which has become the dominant ways to consume music 20 years later.

It feels fantastic to think about the capabilities and choices people now have considering the music industry. From commercial streaming music services to community music sharing sites, music fanatics have access to a vast library of music with control of how, where and when they want to stream their favorite track.

Another place where the harmony between Big Data and music can be seen is in the knowledge it provides record companies. Joining the right data sources can give record companies the ability to go beyond what’s hot to uncover what will be hot, who will listen to it and how they’ll consume it.

The Echo Nest Know Music

Founded in 2005, The Echo Nest is the industry’s leading music intelligence company, providing developers with the deepest understanding of music content and music fans.

Leading music services, editorial, video and social media networks, connected device manufacturers and big brands use Echo Nest’s platform and solutions to build smarter music experiences that help fans to better discover, share and interact with the music they love. The company’s customer base reaches over 100 million music fans every month through more than 400 apps and sites powered by The Echo Nest.

Headquartered in Somerville, MA, The Echo Nest was co-founded by two MIT PhDs. Investors include Commonwealth Capital Ventures, Matrix Partners, Norwest Venture Partners and three co-founders of the MIT Media Lab. 

The Echo Nest Platform

The Echo Nest powers the future of music. It helps music companies develop and commercialize the most advanced, personalized and engaging music applications in the world. The Echo Nest's music intelligence platform powers over 400 applications, re-defining how fans discover, share and interact with music.

Music Discovery & Personalization

The Echo Nest’s Music Discovery and Personalization solution is a suite of capabilities delivered through a flexible API for building advanced, personalized music discovery experiences. With The Echo Nest powering music discovery and personalization, music services can improve acquisition and engagement, innovate faster at a lower cost, and deliver best-in-class music discovery on a global scale. No other company powers more music discovery applications than The Echo Nest.  

Dynamic Music Data

The Echo Nest’s Dynamic Music Data solution helps the world’s top music destinations deliver dynamic, socially-connected music experiences to better engage music fans, produce more high-value content, and reduce development and supports costs. With Dynamic Music Data, music sites can display more up-to-date artist bios, images, news articles and videos, and also show what’s actually happening with each artist in the moment. 

Audio Fingerprinting

The Echo Nest offers both free, open-source content identification / fingerprinting technology and enterprise-level commercial fingerprinting solutions for a wide range of applications including scan & match for locker services, metadata cleanup, basic song identification and others.

Interactive Music & Remix Applications

The Echo Nest's Interactive Music and Remix solution let music developers remix, re-edit, and re-imagine any piece of music and video, automatically. Using The Echo Nest’s audio analysis data and audio manipulation technology, developers have created a wide range of interactive music applications, including remixing, DJ apps and interactive music visualizes.

Applications Built on Echo Nest’s Platform

The Echo Nest powers over 400 digital music applications, including apps for the #1 and #2 music websites, the #1 mobile handset manufacturer, the #1 Android music player, the #1 radio broadcaster, and 3 of the top 10 iOS music apps.

Check out some of the favorites below:

  • SpotON Radio
  • Drinkify
  • +Music
  • eMusic Radio
  • Spartify
  • Notorious Siri
  • Univision Radio
  • Resonate

Making Headlines

"The Echo Nest is possibly the hottest music data company around right now."

– TechCrunch

“The song-picking puppet master pulling the playlist strings behind iHeartRadio, Spotify and Nokia's music services."

– Engadget

“Jim Lucchese, 39, is leading the growth of "big data" in the music business."

– Billboard

The Best in the Industry

The Echo Nest brings a peerless depth of experience to developing and powering innovative interactive music applications, having worked with leading music services, editorial music sites, record labels and award-winning independent application developers. The Echo Nest's customers reach over 100,000,000 music fans every month.

Some of the big name from the industry that uses The Echo Nest’s platform: Clear Channel, MOG, Rhapsody, Spotify, eMusic, MTV, BBC, Twitter, Sony and many more.

Knowing the CEO

Jim Lucchese is the CEO of The Echo Nest. Jim has worked in digital music strategy and corporate development for about 15 years. Before The Echo Nest, Jim was a music lawyer at Greenberg Traurig, specializing in music and digital media deals. Clients included multi-platinum and independent artists, music publishers, digital entertainment companies and branded entertainment. Prior to GT, Jim held sales and corporate development positions at Hughes, where he managed market development and sales with annual revenues exceeding $20 Million. Jim was also Chief Strategy Officer of Webnoize/DMN, a digital entertainment research and advisory company serving over 500 clients.

Jim holds a B.A. from Boston College and a J.D., Magna Cum Laude, from the Georgetown University Law Center.

When he’s not at the Nest, Jim plays drums and still represents a few indie artists pro bono for fun.

“Our rich data API and developer toolkits power the most engaging music applications in the industry.”