TechCrunch , the firm behind the mobile and desktop app, has finally become profitable, following its incorporation of advertising, as well as revenue from "commissions on digital music sales and traffic referrals". Competition has increased over the roughly 15 years of Shazam’s existence. Shazam , which recently passed the 1 billion download marker, raised $ 1bn m in equity funding in early last year , giving it a valuation at the time of $ 30 . Since then, Shazam has partnered with app makers and social media platforms to drive engagement.
TechCrunch , the firm behind the mobile and desktop app, has finally become profitable, following its incorporation of advertising, as well as revenue from "commissions on digital music sales and traffic referrals". Shazam , which recently passed the 1 billion download marker, raised $ 1bn m in equity funding in early last year , giving it a valuation at the time of $ 30 . Since then, Shazam has partnered with app makers and social media platforms to drive engagement.