TYXIT raises Pre-Seed financing to enable distributed live concerts

Imagine Quincy Jones and Carlos Santana, living across the country, playing an ad hoc jam session thanks to TYXIT. This Jam session is unique by definition and can be directly protected on the TYXIT platform, with a tradeable NFT as output. Through the platform this performance can also be streamed to a wide fan audience, or kept confidential as a unique piece of art.

Founded in 2019, the company has been focusing on understanding customer needs together with developing unique low latency deeptech HW and SW products, to provide performers with a very simple solution to play wirelessly & remotely, either locally or over the Internet, with no perceivable latency.

The flagship product is a unique SaaS platform where, for the first time, performers will have a real-time solution to rehearse, to run interactive masterclasses remotely, to protect their creations, as well as to engage with their fans during live stream concerts as if they were at a live show.

“Thanks to the support of our investors and the feedback from the 12'000+ subscribers who are excited about the product-to-come, we are now in good shape to fine-tune the product with beta testers, before the official launch in 2022”, comments CTO Raphaël Buache.

Serial entrepreneur takes the helm

In order to continue to facilitate the growth and the company's success, the TYXIT management is expanding. Joining the board are experienced entrepreneurs Nicolas Abelé as CEO, and Olivier Müller as COO. Nicolas Abelé has co-founded several companies including Miraex and Lemoptix which was acquired by Intel in 2015. Abelé and Müller are both jointly convinced that the “TYXIT team has done an amazing job understanding critical customer needs and developing breakthrough technology that can now tackle the massive music and Gaming markets”.

(Press release / SK)