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§ Private Profile · New York City, NY, USA
Pex is a technology company.
Pex develops advanced content identification technology, specializing in Music Recognition Technology (MRT). Its core product accurately identifies recordings, compositions, and AI-generated music across digital platforms. This technology enables fraud prevention, commercial licensing, and precise royalty distribution, offering rights holders granular insights into content usage.
Rasty Turek founded Pex in 2014. His insight arose from the growing complexity of digital content and the challenge of accurate intellectual property attribution. Turek identified the critical need for an independent system to track and manage content usage, leading to Pex’s attribution infrastructure.
Pex serves diverse digital ecosystem stakeholders, including rightsholders, creators, and platforms hosting user-generated content. The company's vision is to foster a transparent and equitable internet by ensuring all content is accurately identified and attributed. This creates a fair economy, empowering content owners with data and control over their intellectual property.
Pex has raised $67.8M across 4 funding rounds.
Pex has raised $67.8M in total across 4 funding rounds.
Pex is a technology company specializing in AI-powered content identification and user-generated content (UGC) data, enabling platforms, rightsholders, and creators to manage copyrighted audio and video at internet scale.[1][3] It serves large platforms, music publishers, distributors, brands, and independent creators by solving problems like unauthorized content use, rights attribution, and trust/safety issues through real-time tracking and a unique marketplace that connects stakeholders for fair monetization.[1][3] Pex's technology identifies even heavily modified content, powering tools for discovery, AI compliance, and market share analysis, with strong growth evidenced by a $57M funding round led by Tencent and integrations across over 40 platforms.[1][3][5]
Pex was founded in 2014 with the mission to create a more transparent and equitable internet by refining core identification technology for superior audio/video recognition.[1] The company spent years improving its AI to outperform competitors, enabling content tracking on over 40 digital platforms and unlocking unprecedented UGC data from social media giants.[1] A pivotal moment came in 2019 with regulatory changes in Europe, prompting the launch of its Attribution Engine to globally credit rightsholders and fulfill its vision of fair content use.[1] This evolution positioned Pex as a leader in digital rights management, now part of Vobile, with backing from major investors like Tencent.[3][4][5]
Pex stands out in the crowded content moderation space through these key strengths:
Pex rides the explosive growth of the creator economy and UGC, where platforms like TikTok and YouTube host trillions of minutes of content daily, amplified by generative AI's rise.[1][3] Timing is ideal amid global regulations like Europe's 2019 copyright directive, which mandate rights enforcement and create demand for scalable solutions—Pex's Attribution Engine directly capitalizes on this.[1] Market forces favoring Pex include surging rightsholder needs for revenue from viral remixes/sped-up tracks and platforms' litigation risks, plus AI's proliferation demanding provenance tools.[3][5] By enabling fair remixing and data transparency, Pex influences the ecosystem, fostering innovation without fear of takedowns and empowering smaller creators against big tech "black boxes."[1]
Pex is poised to dominate as AI-generated content floods the web, expanding its tech for deeper generative AI compliance, cross-platform tracking, and predictive analytics to preempt disputes.[3] Trends like real-time UGC monetization and regulatory harmonization globally will accelerate adoption, potentially growing its $57M-funded momentum into unicorn territory via more catalog integrations and enterprise deals.[5] Its influence could evolve from guardian to ecosystem orchestrator, tying back to its 2014 vision of an internet where creators thrive transparently—watch for partnerships with emerging AI platforms to redefine content rights at scale.[1][3]
Pex has raised $67.8M in total across 4 funding rounds.
Pex's investors include Better Tomorrow Ventures, Humba Ventures, Illuminate Ventures, iNovia Capital, Panache Ventures, Fanny Surjana, Kevin Swan, Battery Ventures, Crosscut Ventures, Meritech Capital Partners, Practical Venture Capital, Semble Ventures.
Pex has raised $67.8M across 4 funding rounds. Most recently, it raised $57.0M Series A in February 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 1, 2021 | $57M Series A | — | Better Tomorrow Ventures, Humba Ventures, Illuminate Ventures, Inovia Capital, Panache Ventures, Fanny Surjana, Kevin Swan | Announced |
| Oct 1, 2017 | $7M Seed | — | Battery Ventures, Better Tomorrow Ventures, Crosscut Ventures, Humba Ventures, Illuminate Ventures, Inovia Capital, Meritech Capital Partners, Panache Ventures, Practical Venture Capital, Semble Ventures, The HIT Forge, Fanny Surjana, Jonathan Siegel, Kevin Swan, Siqi Chen | Announced |
| Oct 1, 2012 | $3M Series B | Inovia Capital, Thomas E. McInerney | Greycroft, Revolution, David Truetzel | Announced |
| Mar 1, 2010 | $800K Series U | — | Greycroft, Inovia Capital, Revolution | Announced |