GRAI acquires Hangout FM to build a social AI music streaming platform
September 22, 2026
GRAI, an AI music company, acquired Hangout FM, the social music platform created by the team behind Turntable.fm, to power a new social music streaming service. The acquisition closed, and GRAI plans to continue expanding Hangout’s relationships with record labels, publishers, and collecting societies while combining Hangout’s social listening insights with GRAI’s AI and consumer product development capabilities.
- Buyers
- GRAI
- Targets
- Hangout FM
- Sellers
- Members of the Hangout FM team (including Joseph Perla)
- Industry
- AI & Machine Learning
- Location
- United States
- Transaction Type
- Buyout
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