Shazam , the firm behind the mobile and web app , has finally become profitable , following its incorporation of advertising , as well as revenue from " commissions on digital music sales and traffic revenue " . Shazam , which recently passed the one billion download marker , raised $ 500 million in seed funding in 2015 , giving it a valuation at the time of $ 1bn . The ads on display often have nothing to do with music. Since then , Shazam has partnered with other developers and social media platforms to drive engagement .
Shazam , the firm behind the mobile and web app , has finally become profitable , following its incorporation of advertising , as well as revenue from " commissions on digital music sales and traffic revenue " . Shazam , which recently passed the one billion download marker , raised $ 500 million in seed funding in 2015 , giving it a valuation at the time of $ 1bn . Since then , Shazam has partnered with other developers and social media platforms to drive engagement .