TEDCO invests $150K in Md. startup AudioOne | Maryland Daily Record

TEDCO, Maryland’s financial engine for expertise firms, introduced right now its Builder Fund invested $150,000 in AudioOne Inc., a expertise startup based mostly in Maryland. TEDCO’s Builder Fund invests in and offers government assist to Maryland-based expertise firms run by entrepreneurs who exhibit financial drawback.

AudioOne Inc., based mostly in Bethesda and based by Mark McMahon and Antonio Bray, integrates completely different synthetic intelligence platforms to carry its members a extra full, customized radio listening expertise. Its interface ‘learns’ subjects of curiosity then curates and summarizes information and podcasts based mostly on that data. It can then ship an audio playlist or session based mostly on the consumer’s desired content material with or with out the consumer’s favourite music.

“We’re excited to put money into AudioOne, an essential addition to the expertise leisure business, a sector which has seen important development over the previous couple of years,” mentioned Jean-Luc Park, senior director of Social Influence Funds at TEDCO. “AudioOne and its new expertise proved to be a superb candidate for the Builder Fund, and we encourage different Maryland entrepreneurs within the tech house to attach with TEDCO about useful resource and funding alternatives.”

For entrepreneurs making use of for his or her first funding from TEDCO’s Builder Fund, their firm have to be based mostly in Maryland and led by an economically deprived founder.