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.

the corporate has just bought $40 million in backing from Mexican billionaire Carlos Slim, in step with Reuters. it appears, Sham plans to use the funding to proceed to construct out 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 funding considering the fact that 2009 comes to $seventy two million.

Sham, which has 350 million users, is very best recognized for letting customers tag and establish songs, however just lately it has made forays into the television world.

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In April 2012, Sham for is 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 app for is, Android, and home windows may work with programming on more than 160 U.S. channels.

“inside 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.