BandLab Applied sciences has named Ivan Chen as its new Chief Govt Officer.
Chen takes the function on Thursday (October 1), with co-founder Meng Ru Kuok changing into Govt Chairman. The corporate says Kuok has served as Chairman and CEO since co-founding BandLab Applied sciences in 2015.
Kuok mentioned the corporate is “in essentially the most dynamic and fast-moving interval we have now ever seen throughout music, expertise, media and fandom.”
The Singapore-headquartered firm introduced the change on Wednesday (September 30).
Kuok stays Group CEO of dad or mum firm Caldecott Music Group, the place Chen additionally continues as Group President.
Chen joined BandLab Applied sciences in 2016 as Group Chief Working Officer and have become President in 2024.
His remit expanded to the broader group when BandLab Applied sciences rebranded as Caldecott Music Group in December 2021, splitting the enterprise into three divisions: BandLab Applied sciences, Vista Musical Devices, and NME Networks. Chen was named Group Chief Working Officer of the brand new dad or mum.
He has labored with Kuok throughout operations, fundraising, strategic route, and M&A, in keeping with the corporate.
As CEO, Chen will lead the enterprise each day, whereas Kuok works with him on long-term technique, main partnerships, alternatives, and funding priorities.
“Ivan has been intently concerned with BandLab Applied sciences from its early years and has been a key contributor and companion in realizing our imaginative and prescient of constructing music creation extra accessible for creators and artists around the globe. A decade on, this ambition has solely grown, and we’re in essentially the most dynamic and fast-moving interval we have now ever seen throughout music, expertise, media and fandom. I’m happy to announce this alteration, which supplies us the capability to take the corporate to new ranges of success,” mentioned Kuok.
“In his tenure as COO and President, Ivan has turned a lot of our greatest concepts into actuality, and I consider he has the judgment, expertise, and understanding wanted as we proceed to drive ahead as an organization. He is aware of the place we’ve come from, however extra importantly, he has a transparent view of the place we need to go subsequent. I’ve each confidence in him to guide the corporate ahead as CEO, and I sit up for persevering with to work alongside him.”
“In his tenure as COO and President, Ivan has turned a lot of our greatest concepts into actuality, and I consider he has the judgment, expertise, and understanding wanted as we proceed to drive ahead as an organization.”
Meng Ru Kuok, BandLab Applied sciences
“I’m grateful for the belief Meng and the Board have positioned in me, and I’m excited to guide BandLab Applied sciences ahead,” mentioned Chen. “We now have constructed merchandise that creators worth and a enterprise with huge potential forward of it. Creators around the globe make music on BandLab every single day, and my focus is on making certain we proceed to outline the way forward for music creation for a few years to return.”
The corporate describes flagship product BandLab as a social music creation platform that “breaks down the technical, geographic, and artistic boundaries for musicians and followers.”
“Creators around the globe make music on BandLab every single day, and my focus is on making certain we proceed to outline the way forward for music creation for a few years to return.”
Ivan Chen, BandLab Applied sciences
The broader portfolio runs throughout music manufacturing software program Cakewalk, artist companies platform ReverbNation, beat market Airbit, and AI-powered digital music studio Aiode.
BandLab Applied sciences acquired Aiode in July 2026, in a deal that gave the corporate a 3rd music-making platform alongside BandLab and Cakewalk.
Monetary phrases weren’t disclosed. Aiode says 100% of the audio used to coach its fashions is licensed and traceable to its supply.
In October 2023, BandLab Applied sciences and Common Music Group introduced what they referred to as “an expansive, industry-first strategic relationship focused on synthetic intelligence.”
The BandLab platform handed 100 million registered customers in March 2024, having added 40 million customers since January 2023.
BandLab Applied sciences secured USD $25 million in Could 2023, in a Collection B1 spherical led by returning investor Cercano Administration, with participation from Prosus Ventures, valuing the corporate at $425 million post-money.
That adopted a $65 million Collection B introduced in April 2022 at a $315 million post-money valuation, taking the corporate’s complete Collection B funding to $90 million.
BandLab Applied sciences describes itself as a “collective of world music expertise corporations” and stays a division of Caldecott Music Group.
Music Enterprise Worldwide
