Industry News: Big Money Goes to Next Big Sound

As reported by TechCrunch yesterday, a data startup called Next Big Sound got $6.5 million Series A funding from IA Ventures and Foundry Group. The company bases itself around providing high-end measurable data by tracking the movement on music on the web. It provides an intuitive dashboard showing where one’s music is being listened to and shared. It also powers Billboard-esque charts dictating which artists are the most web-popular in a particular day in addition to who the next “big sound” will be tomorrow.

Sounds spiffy, but the premiere service costs a pretty penny at $79 per day. It’ll be interesting to track the success of this company since data startups were popping up left and right in 2011, but Next Big Sound appears to selling itself as a high-end technology service. The venture money is an indication of confidence, but it’ll be interesting what kind of artists this product will attract.