Qsic is an AI-driven experience platform that specializes in the retail and quick service restaurant (QSR) sectors. The company develops audio retail media channels that enable large physical store retailers to engage customers at the point of purchase. By offering audio advertising packages to suppliers, Qsic helps retailers unlock additional revenue from their store networks. Their audio management system utilizes data analysis to curate personalized music streaming and develop branded audio content, ensuring that in-store sound levels are balanced according to environmental noise. This approach allows businesses to tailor their audio experience to better connect with their target audience.
Spotify, headquartered in Stockholm, Sweden, is a global music streaming service provider. As of 2023, it has 602 million monthly active users. The company offers on-demand access to songs across various devices, enabling users to search, discover, and share music. It also provides artists with tools to share their work and promote their careers. Spotify generates revenue through a paid subscription model, known as Spotify Premium, and an ad-supported service. In 2023, these models contributed to 86% and 14% of its total revenue, respectively.
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