
Secret Key Labs
We build apps that power the Stacks blockchain.
USD | 2022 | 2023 |
---|---|---|
Revenues | 0000 | 0000 |
% growth | - | 225 % |
EBITDA | 0000 | 0000 |
Profit | 0000 | 0000 |
EV | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x |
R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Secret Key Labs, founded in 2022 by Eduardo Pinna, operates as a research and development studio with a distinct focus on the intersection of artificial intelligence and human creativity. Pinna's extensive background as the former Head of Product, AI, and R&D at GoDaddy and his experience co-founding the AI-powered music platform Jukedeck, which was later acquired by Bytedance/TikTok, provides a substantial foundation for the company's endeavors. His journey reflects a consistent dedication to exploring how technology can augment creative processes.
The firm functions as a venture studio, concentrating on the development of new products and the incubation of standalone companies that leverage AI to empower creative professionals. This model involves building and testing multiple concepts internally before spinning out the most promising ones into separate entities. The target market encompasses a broad range of creative fields, including music, design, and other areas where generative AI can serve as a collaborative tool rather than a replacement for human talent.
Secret Key Labs' core offering is its expertise in creating AI-powered tools designed to assist and enhance the creative workflow. One of its initial and notable projects is Melodrive, an AI system capable of generating original, royalty-free music in real-time. This service is particularly beneficial for game developers, content creators, and virtual world builders who require dynamic and adaptive soundtracks for their projects. The business generates revenue by launching and scaling new companies based on its developed technologies, essentially acting as a co-founder and taking an equity stake in these new ventures.
Keywords: AI research, creative tools, venture studio, generative AI, product development, R&D, artificial intelligence, music generation, creative technology, startup incubation