Spotify is not commenting on how it plans to use the technology and talent that it is picking up today, except to note in a short statement that it’s to boost its product and engineering capabilities.
“Spotify is laser focused on delivering innovative and engaging music discovery experiences to delight our millions of users,” said Shiva Rajaraman, Spotify’s VP of Product, in a statement. “The acquisitions of both Cord Project and Soundwave give us the opportunity to bring two extremely talented and like-minded teams into the Spotify family. We’re excited to welcome them on board, and are looking forward to their contributions in shaping the future of music engagement.”