Video Archives

eJamming, Inc.

Product Name

eJamming® AUDiiO

Market Segment

Consumer

Funding

Seed round: Privately funded by investors, among them New York Angels and Golden Seeds members, $1.4 million. Bridge round: funded, $350,000. Series A planned for Q2 2007, $6 million.

Competitors

Audio Fabric, Musigy (both unlaunched)

Product Description

eJamming connects musicians online in real-time, and more importantly, in sync. This enables them to collaborate, play, write, record, rehearse, teach and learn together. With a voice or musical instrument, microphone, computer, broadband connection and eJamming’s patented software, musicians eliminate the barriers to working and creating together. The software is integrated with eJamming’s portal, which includes musician profiles, music postings, blogs, job listings, an education center, teacher-student classifieds, backing tracks and music distribution. eJamming creates a gathering place for the world’s musicians.

Market Opportunity

eJamming targets musicians, singers and teachers, from beginner to professional. NAMM reported $7.8 billion in instrument sales in 2005. Keyboard lessons are a $2 billion per year business. Projecting from NAMM’s surveys and international sales numbers, eJamming estimates more than 200 million musicians worldwide, not including vocalists, giving eJamming a significant potential market opportunity.

Demo Says

Whether you’re a musician or a technician, you’ll appreciate the artistry of eJamming’s offering. Over the years, DEMO has witnessed musicians jamming with computers. eJamming lets musicians play with musicians, in real time, perfectly synchronized, across a broadband connection. eJamming’s technology opens new opportunities for artists and aspiring musicians and suggests a range of possibilities for virtual jams, clubs and concerts. eJamming advances the state of the art for both music and real-time online communications