Overview

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Status
Acquired by on March, 2008
Total Equity Funding
$600k in 2 Rounds from 6 Investors
Headquarters:
Silver Spring, Maryland
Description:
Qloud enables users to enjoy and share their music collections on social networks.
Founders:
,
Categories:
Music
Website:
http://www.qloud.com

Company Details

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Qloud (pronounced "cloud") is an online music service launched by former AOL'ers Mike Lewis and Toby Murdock and backed by Steve Case's Revolution LLC and former music industry executives. The service allows users to enjoy and share their music collections within their favorite social networks. The company powers the My Music application on Facebook, was also a launch partner in Google's OpenSocial initiative, and with iLike was the exclusive music provider for Hi5. In addition to playing back a user's library, Qloud also enables users to browse friends' music libraries to see what they are listening to presently.

The service grew to over 3 million users in its first 6 months after launch. In Q2 2008, it was acquired by BUZZMEDIA. It now counts over 27 monthly uniques and is available on Facebook, Bebo, Hi5, Friendster, MySpace, Buzznet, and Qloud.com

The My Music application competes with similar social music services like Last.FM,iLike, imeem, and Pandora.

Following the acquisition, Mike Lewis and Toby Murdock became EVP of Product and Engineering at BUZZMEDIA

Funding Rounds (2) - $600k

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DateAmount / RoundValuationLead InvestorInvestors
Nov, 2007undisclosed amount / Angel3
May, 2006$600k / Seed6

Current Team (1)

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Products (1)

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Competitors (4)

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  • Last.fm is an online music catalogue providing users with personalized recommendations based on their taste in music.
  • Pandora Radio is the custodian of the Music Genome Project and provides internet radio and recommendation services.
  • Salesforce Buddy Media, a social media marketing platform, helps companies build connections and maintain relationships with customers.
  • Zynga makes online social and mobile games. Four years after its founding, Zynga had grown to over $1 billion in revenue and IPO'd in 2011.

Offices/Locations (1)

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  • Office

    Silver Spring, Maryland

    United States

Past Team (3)

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