Auddia Inc.

Overview

Auddia is an AI technology company headquartered in Boulder, Colorado. It operates two main platforms: the consumer-facing faidr app and the artist-facing Discovr Radio. The company is shifting from a consumer subscription model to a B2B SaaS model focused on AI-driven music discovery and artist promotion.

Core products

faidr App

• Consumer audio ecosystem that records live AM/FM radio streams, identifies audio segments (music, commercials, DJ activity), and supports time-shifted playback.
• Can replace ads or other recorded content with artist tracks from Discovr Radio when a matching track is available.
• Supports ad-free and personalized listening, on-demand content, and podcasts (podcasts added to iOS in Q1 2023 and to Android in May 2023).
• Built using Google’s TensorFlow open-source library.
• Includes a digital audio recorder (DAR) for user-controlled time-shifting; the company believes buffering for time-shifting is lawful under current law.

Discovr Radio

• Artist and label platform that inserts tracks into live AM/FM radio streams via integration with faidr to deliver guaranteed plays.
• Provides campaign management and performance analytics (plays, likes/dislikes, demographics).
• Includes an AI Placement Engine to optimize which tracks appear for specific listeners, stations, and adjacent artists.
• Artist Portal offers analytics and tools to connect with fans.
• Plans to expand campaign support to streaming apps.
• MVP released January 20, 2026; pilot program with participating customers produced early results: average of 116 radio plays per week for participating artists and artist pages averaging a 30% click-through rate (as of February 12, 2026).

Business model and market position

• Launched faidr with a B2C subscription in February 2022; transitioned to a B2B subscription model in Q1 2026.
• Since August 2025, the company focused on AI-driven music discovery: artist and label customers subscribe to Discovr Radio to access ad-free AM/FM streaming listeners on faidr; faidr users receive free AI-driven ad-free streams.
• Discovr Radio is positioned as the primary revenue driver, while faidr evolves toward a free consumer experience monetized through B2B artist services.
• Differentiation: owned audience and distribution workflow via faidr, insertion into traditional radio ad breaks, and a two-sided ecosystem connecting listeners and artists within a single platform.

Intellectual property

• Granted patent (June 2020): “Seamless Integration of Radio Broadcast Audio with Streaming Audio,” covering time-shifting and content replacement to inject alternate audio during commercial breaks.
• Patent (March 12, 2019) for watermarks and content-descriptor technology for source attribution in audio streams.
• Additional patents filed for distributed content monitoring and content identification to support dynamic, commercial-free audio experiences.
• Trademarks: AUDDIA (corporate brand and faidr app), faidr (audio Superapp), PLAZE (potential commercial-free product).

Content licensing and legal

• Holds licenses for sound recordings and musical works; statutory licenses and relationships with performing rights organizations are in process.
• faidr relies on time-shifting rights (personal use exemption) for buffering and playback control; regulatory interpretations could affect functionality or costs.
• Faces data privacy and international data transfer considerations (GDPR, CCPA, UK GDPR) and potential changes in copyright and licensing regimes.

Customers, employees, and operations

• Employees: 5 full-time employees as of December 31, 2025; approximately 10 independent contractors/consultants during the year.
• Headquarters: Boulder, Colorado. Leased office space starting April 1, 2024 for 37 months (approximately 2,900 sq ft); rent escalates over the term.
• Financials:
  • Net loss: $7,693,197 in 2025; $8,722,039 in 2024.
  • Cash used in operations: $5,636,386 in 2025.
  • Cash on hand: $3,186,985 as of December 31, 2025.

Financing and capitalization

• Financing raised in 2025: approximately $7.1 million; additional $0.9 million year-to-date through March 4, 2026.
• Equity line with White Lion: amended July 30, 2025 to increase potential aggregate purchases to $50,000,000; sold 995,000 shares for about $3.7 million in 2025; commitment through December 31, 2027.
• ATM facility with Ascendiant Capital Markets: up to $10,000,000; sold 1,007,761 shares in 2025 for about $2.7 million; subsequent to 12/31/2025, sold an additional 754,925 shares for about $0.9 million.
• Shares outstanding: 3,856,348 common shares as of March 4, 2026.

Public company status

• Classified as an emerging growth company (EGC) under the JOBS Act.
• Has addressed Nasdaq-related compliance matters, including prior deficiency notices and reverse stock splits in 2024 and 2025.
• The company is focused on scaling in a capital-intensive environment and managing public-company compliance costs.

Recent developments

• On August 5, 2025, Auddia announced a non-binding LOI for a potential merger with Thramann Holdings, LLC. The combined entity would be renamed McCarthy Finney (MCFN) and would be Nasdaq-listed.
• Under the proposal, Auddia would become a wholly owned subsidiary of McCarthy Finney; Jeff Thramann would continue as CEO of the merged entity; Auddia shareholders would own an estimated minority stake (roughly 20% economic interest at closing, subject to adjustments).
• The merger requires stockholder approval, customary closing conditions, Nasdaq listing of the combined company, and effectiveness of an S-4 registration statement. More information is available in Auddia’s Form 8-K filed February 17, 2026.

Metrics and product milestones

• Discovr Radio MVP released January 20, 2026; pilot program underway.
• As of February 12, 2026:
  • Artist pages average a 30% click-through rate.
  • Discovr campaigns average 116 plays per week for participating artists.
• faidr timeline:
  • MVP in 2021; full app launch February 15, 2022.
  • faidrRadio added February 2023.
  • Podcasts added to iOS by end of Q1 2023 and Android by May 2023.

Geographic and regulatory footprint

• Headquarters in Boulder, Colorado.
• Operates under multiple privacy and data protection regimes and may need licenses in various international jurisdictions for streaming, buffering, and time-shifting.

Summary

Auddia develops AI-powered audio platforms that blend traditional radio with personalized, on-demand listening. faidr offers AI-driven, ad-free listening with time-shifting and content replacement capabilities. Discovr Radio enables artists and labels to buy guaranteed plays within faidr’s radio streams and access campaign analytics. The company is transitioning to a B2B SaaS model with Discovr Radio as its primary growth and revenue engine.