Soundcloud is a Berlin, Germany based music sharing website and mobile will soon be the dominant platform for the company according to founder and CEO Alex Ljung. “It’s not a battle between video and audio, or audio and text – they are good for different things,” stated Ljung. “But sound is easier to create and to listen to in parallel while doing something else. Sound doesn’t need a screen.”
Pinterest, the fastest growing social network where users can pin some of their favorite products, photos, and videos on a virtual pin-board, has set up some additional attribution tools for websites like eBay, 500px, Kickstarter, SoundCloud, and SlideShare. By the end of the year, Pinterest is expected to be the largest social traffic driver to e-commerce websites, even surpassing Facebook and Twitter. Pinterest has raised over $100 million and funding and is valued at $1.5 billion.
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SoundCloud is one of the most popular music streaming websites. The website has raised $50 million in funding from Kleiner Perkins Caufield & Byers and GGV Capital. This puts the company at a $200 million pre-money valuation. SoundCloud will be using the funding to expand aggressively in the U.S. Kleiner Perkins partner Mary Meeker will be taking a board observer seat at SoundCloud. SoundCloud is based in Berlin and was founded by Alexander Ljung and Eric Wahlforss.
SoundCloud is a German music file sharing service that has raised $10 million in funding from Union Square Ventures and Index Ventures. SoundCloud lets amateur musicians share music with each other using a cloud-based file system. If the file violates copyright, then it is taken down in a similar manner that YouTube does it. SoundCloud plans on using the funding to scale faster and expand their presence in the U.S. [AllThingsD]