NEW YORK (CelebrityAccess) — Creative Intelll Inc., an artificial intelligence startup that hopes to automate basic legal functions for the entertainment industry, has announced the successful closing of its seed funding round.
Early investors in the project include a number of music industry figures, such as Justin Rosen (Electric Feel Ventures and co-management of Post Malone), Mac and Robert Reynolds (management, The Killers, Imagine Dragons), Rimas Entertainment (label and management, Bad Bunny), Lucas Keller (Milk & Honey Music + Sports, talent management), Ruttenberg Gordon Investments (1916 Entertainment & Rare Behavior, music management and production), Lucy Guo (Back End Capital), Dr. Richard James Burgess MBE (President and CEO of the American Association of Independent Music), Barry Weiss (RECORDS), Dina LaPolt (Founder, LaPolt Law), Robert Celestin (Founder, Law Offices of Robert A. Celestin), Bret Disend (artist and producer management), Kevin Liles (co-founder and CEO of 300 Entertainment) and Lyor Cohen (YouTube, Global Head of Music).
According to Creative Intel, the company is building an artificial intelligence-powered trading platform designed specifically to meet the needs of the music industry. Deals will be negotiated in a secure, networked environment with artificial intelligence handling the tedious details, allowing artists and content creators to close deals faster and at lower cost.
The platform will provide end-to-end legal solutions, from drafting, negotiation and signing to data mining and reporting, with personalized legal documents and integrated training experiences, the company said. in its marketing material.
“As an entertainment lawyer, I see firsthand the pain points that creators, managers and lawyers encounter on a daily basis. We are the first to apply AI to solve these problems and are uniquely positioned to develop tools that we know the industry needs and wants,” said company co-founder David Fritz.
“I got to see how far removed an artist can feel from basic legal terms that impact the rest of their life,” says Mac Reynolds, entertainment attorney and director of Imagine Dragons and The Killers. . “By combining access to concise educational tools with powerful and intuitive contract creation software, Creative Intell enables artists to avoid bad deals and, more importantly, to take control of their future. Gone are the time to keep artists in the dark about their rights and options.