Boomy Corporation, a privately owned US company founded in 2018, develops and provides generative AI tools for music creation. As of 2023, the company employs approximately 30 people and reported revenues of less than $10 million. Its primary focus is on enabling creators to generate original songs using its AI-powered technology.
ResearchAndMarkets.com released a report on July 26, 2024, valuing the global market for Generative Artificial Intelligence in Music at US$642.8 million in 2024, with projections of reaching US$3 billion by 2030, at a compound annual growth rate of 29.5%. A separate report details a distribution agreement with Warner Music's ADA, though the status of this agreement is unclear following the indictment of Michael Smith, a musician accused of wire fraud and other charges related to a fake streams scheme. A digital marketing agency, operating under the name Boomy, offers services including web design, video production, PPC and paid media, local SEO, content marketing, and link building.
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Boomy Corporation offers products in the enterprise tech industry. Boomy Corporation's product portfolio comprises of generative AI.
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