Shazam lands $40M in funding from telecom boss Carlos SlimShazam lands $40M in funding from telecom boss Carlos Slim


It seems that the smartphone track app Sham is headed toward greener pastures.

Sham, which has 350 million users, is best recognized for letting customers tag and establish songs; however, lately, it has made forays into the television world. In step with Reuters, the corporation bought $40 million in backing from Mexican billionaire Carlos Slim. It appears Sham plans to use the funding to construct the TV portion of the app. “Sham is defining a brand new class of media engagement that mixes the power of mobile with conventional broadcast media and merchandising,” Slim mentioned in a remark, in keeping with Reuters. With the brand new funding from Slim, Sham’s total budget for 2009 comes to $ seventy-two million.,


Read More Article :

In April 2012, Sham began letting users identify enabled television presentations and ads to search out what they are watching and see additional content for the express or ad. Then, in September, the company introduced that the Android and Home Windows app may work with programming on more than 160 U.S. channels. “Within 18 months, we expect television will considerably outperform the track aspect (of the business), and that’s part of this investment,” Sham government chairman Andrew Fisher informed Reuters.