CRIMSON TECHNOLOGY

CRIMSON TECHNOLOGY

Supporting creativity by using AI, audio engineering and database technology.

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DateInvestorsAmountRound
investor

€0.0

round

N/A

Spinout
Total Funding000k

Financials

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Revenues, earnings & profits over time
USD2023
Revenues0000
EBITDA0000
Profit0000
EV0000
EV / revenue00.0x
EV / EBITDA00.0x
R&D budget0000

Source: Dealroom estimates

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Crimson Technology, Inc. is a Japanese venture company specializing in audio technology and music services, established on February 22, 2002. The company was founded by Kazuo Hikawa, who serves as the President and Representative Director. It originated from a team of four members, primarily engineers from an electronics manufacturer's research institute, with the initial goal of leveraging their expertise in sound technology to create a new music market on the internet, coinciding with the rise of "Chaku-Uta" (ringtunes) in Japan. Their focus from the outset was on both technological development and music content aggregation to support artists' creative endeavors.

The firm operates a multi-faceted business model centered around AI and acoustic engineering. A core offering is its music distribution service, "CRIMSON MUSIC," which facilitates the worldwide release of music to major streaming platforms like Apple Music, Spotify, and Amazon Music, handling over 570,000 songs. This service operates without initial or annual fees, instead taking a percentage of store sales. Another significant business line is software development, which includes creating tools for musical instruments, karaoke, and sound-based spatial control. The company has cultivated a diverse client base that includes prominent names such as Amazon.com, Inc., Rakuten Group, Inc., TASCAM, Bandai Namco Amusement Inc., Dentsu Inc., and TV Asahi Corporation.

A key area of development for Crimson Technology is its AI-powered entertainment services. This includes the "Voidol" series, a real-time AI voice-changing application that allows users to transform their voice into that of various characters. This technology, marketed as "R.C. voice" (Real-time voice Conversion), is available through subscription and for commercial use. Furthermore, the company has developed "brAInMelody," an AI system that automatically composes music based on the measurement of brainwaves and other biological signals, aiming to create music that enhances mental performance by inducing states of activity or relaxation. As a venture capital-backed, privately held company, it has secured funding from investors including Nippon Venture Capital and Osaka University Venture Capital.

Keywords: audio technology, music distribution, AI voice changer, acoustic engineering, automatic composition, sound technology, digital music, Voidol, brAInMelody, music aggregation, software development, sound spatial control, karaoke software, voice conversion, AI entertainment, Kazuo Hikawa, creative technology, music tech, sound design, content production

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