DigiTrax WINS 2018 InnoSTARS Competition
ARTIFICIAL INTELLIGENCE MUSIC COMPANY WINS INNOSTARS SEMI-FINALS
DigiTrax Entertainment, Inc. (DTE), an artificial intelligence-powered music technology company headquartered in Knoxville, TN, has announced that the enterprise has won a semi-final round of the 2018 InnoSTARS Competition in Atlanta, GA.
The announcement comes just as DTE is launching an investment offer on the SeedInvest platform. Open to accredited investors, DTE is seeking a $1.5m bridge round, and is offering convertible notes with a minimum investment of $5,000. Details of the offer and a complete profile of the company can be found on the SeedInvest portal.
DTE pitched their technology, which uses artificial intelligence and machine learning to analyze and create new music, to InnoSTARS judges at the competition on May 16, 2018.
“We are thrilled that the discerning panel of judges at InnoSTARS agreed that our artificial intelligence music technology represents a paradigm shift in the way we create and enjoy music,” said Joseph Vangieri, CEO of DigiTrax.
The win gives DTE the opportunity to travel to China later in 2018 to pitch to investors in artificial intelligence and music technology. Contestants can travel to select sites in 19 Chinese cities, selected by InnoSTARS for their established innovative and technological climate.
“That InnoSTARS and the US China Innovation Alliance have honored DigiTrax with this win represents an important step forward for us,” Vangieri said, “as we begin to build consensus and validation from industry leaders that our unique approach to artificial intelligence in the music field is both effective and potentially highly lucrative.”
DTE plans to leverage their patents in the music artificial intelligence and analysis field to disrupt the music industry in much the same way that digital photography and computer graphics imaging (CGI) disrupted the film and gaming industries – by putting powerful and transformative tools that help automate music creation and analysis into the hands of everyday people.
DigiTrax Entertainment, Inc. is offering securities under Regulation CF and Rule 506(c) of Regulation D through SI Securities, LLC ("SI Securities"). The Company has filed a Form C with the Securities and Exchange Commission in connection with its offering, a copy of which may be obtained at this link.
About DigiTrax Entertainment
DigiTrax Entertainment, Inc. (www.digitraxentertainment.com) is led by digital media visionary Joe Vangieri, and develops creative and disruptive music technologies for the music production and copyright fields. Owners of seven patents in music artificial intelligence and machine learning, and a content catalog valued at eight figures, the Knoxville, TN-based company is forging ahead with plans to completely transform the way music is created and enjoyed. Accredited investors can review their offering at [link to profile].
Hosted by the US China Innovation Alliance (www.uschinainnovation.org), The InnoSTARS Competition is a platform for innovative U.S. companies to compete and connect with investors and partners from China. Those who succeed in the preliminary competition in the U.S. get a chance to travel to China to pitch their business and make international connections while getting real feedback in highly sought-after Chinese innovation hubs. Businesses can meet industry-specific investors and partners with fund sizes larger than $50 million.