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Output Finds $45M For Music Tools

Los Angeles-based Output, a startup developing music creation software aimed at professional artists, has raised $45M in a Series A investment. The funding came from Summit Partners. Output says its software is used by such artists as Drake, Coldplay, Justin Bieber, Rihanna, Kendrick Lamar, and Justin Timberlake. According to Outtput, its software-as-a-service offers up loops, samples and melodic content, making it easier for professionals turn those loops and sounds into tracks. The company's founder is CEO Gregg Lehrman. Output was founded in 2013.