SoundCloud closes critical new funding round, Vimeo’s Kerry Trainor steps in as CEO

(Reuters) — SoundCloud, the world’s most popular streaming music app, but one that has struggled to find a profitable business model, said it received new funding on Friday, insulating it from potentially running out of cash this year. The company, which laid off 40 percent of its staff in July, said in a blog post […]

Investors rescue embattled SoundCloud with $170 million lifeline

Enlarge / Alexander Ljung, co-founder of SoundCloud, will step aside as CEO. (credit: TechCrunch) The struggling audio-hosting startup SoundCloud has secured a financial lifeline, with two investors putting up almost $ 170 million to help the company stay afloat, according to Billboard. As part of the deal, SoundCloud will get a new CEO, the company announced […]

Despite recent struggles, SoundCloud says it’s ‘here to stay’

After last week’s reports that SoundCloud would layoff 40 percent of its staff and consolidate its offices, the company is spreading the word that it’s here to stay. SoundCloud tweeted earlier this week that it wouldn’t be going anywhere, a message it reiterated in a blog post, and Chance the Rapper tweeted a similar sentiment […]

Struggling for survival, SoundCloud closes San Francisco, London offices

Enlarge / Alexander Ljung, CEO and co-founder of SoundCloud, seen here in 2013. (credit: David Paul Morris/Bloomberg via Getty Images) SoundCloud announced Thursday that it would be closing its San Francisco and London offices—firing 173 employees, or around 40 percent of its staff. The Berlin-based company has been struggling for years: it reported losses of over […]

SoundCloud brings Chromecast streaming to iOS

With a new subscription tier and a fresh bank loan, SoundCloud is moving right ahead with business as usual. Today’s update brings a sorely missed compatibility so you can now play your SoundCloud mixes through a Google Chromecast from an iOS device. SoundCloud was already compatible with Sonos devices, and Android folks had Chromecast integration […]

Chance the Rapper shouts out SoundCloud in Grammys acceptance speech

After winning a Best New Artist Grammy earlier tonight, Chance the Rapper just snagged his second Grammy, for Best Rap Album. In his acceptance speech, Chance talked about the importance of remaining an independent artist, and others who had done it before him. Then, where other musicians might have thanked their labels, Chance name-checked a […]