Auddia restructures engineering team to reduce costs, increase product development speed.
PorAinvest
lunes, 25 de agosto de 2025, 6:14 am ET2 min de lectura
AUUD--
The restructuring involves the transition of Pablo Calderon, Auddia's head of engineering and lead AI model developer, to the AI team being built at the holding company level. Calderon will join the team upon the completion of the proposed business combination. Additionally, Peter Shoebridge, the company's CTO, will leave Auddia at the end of August [2].
Auddia's new engineering approach combines internal AI expertise with outsourced development teams to accelerate product development. This bifurcated strategy is expected to enhance the speed and efficiency of product development, particularly for the Discovr Radio Portal and AI Placement Engine [3].
The restructuring coincides with a fundamental business model transformation from a consumer subscription model to a B2B SaaS model. This pivot aims to create a new revenue stream by connecting artists and labels with AM/FM radio listeners through Auddia's proprietary AI platform [1].
The company expects the restructuring to improve its capital efficiency and reduce development timelines. The internal AI team will focus on training and productizing the AI Placement Engine, while dedicated outsourced engineering teams will lead the development of the Discovr Radio Portal [3].
About Auddia Inc.
Auddia, through its proprietary AI platform for audio identification and classification, is reinventing how consumers engage with AM/FM radio, podcasts, and other audio content. Auddia’s flagship audio superapp, called faidr, brings multiple industry firsts to the audio streaming landscape that include exclusive content and playlists, and showcases exciting new artists, hand-picked by curators and DJs. For more information, visit: www.auddia.com [1].
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 about the Company's current expectations about future results, performance, prospects and opportunities. Statements that are not historical facts, such as "anticipates," "believes" and "expects" or similar expressions, are forward-looking statements. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the Company's current plans and expectations, as well as future results of operations and financial condition. These and other risks and uncertainties are discussed more fully in our filings with the Securities and Exchange Commission. Readers are encouraged to review the section titled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, as well as other disclosures contained in the Annual Report and subsequent filings made with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise [1].
References:
[1] https://bizwest.com/2025/08/20/auddia-stock-soars-after-b2b-strategy-pivot/
[2] https://www.stocktitan.net/news/AUUD/auddia-announces-restructuring-of-engineering-team-in-preparation-zrsn90i2lxe5.html
[3] https://www.globenewswire.com/news-release/2025/08/25/3138300/0/en/Auddia-Announces-Restructuring-of-Engineering-Team-in-Preparation-for-Business-Combination.html
Auddia Inc. is restructuring its engineering team to reduce costs by $750,000 annually. The company's head of engineering, Pablo Calderon, will join the AI team at the holding company level upon the proposed business combination's closing. Auddia plans to utilize internal and outsourced engineering talent to increase product development speed. The restructuring aims to position the company for its AI native holding company structure.
Auddia Inc. (NASDAQ:AUUD), a Boulder-based audio technology company, has announced a significant restructuring of its engineering team aimed at reducing costs by $750,000 annually. The move is part of the company's broader strategy to align its operations with an upcoming business combination and shift to an AI-native holding company structure [1].The restructuring involves the transition of Pablo Calderon, Auddia's head of engineering and lead AI model developer, to the AI team being built at the holding company level. Calderon will join the team upon the completion of the proposed business combination. Additionally, Peter Shoebridge, the company's CTO, will leave Auddia at the end of August [2].
Auddia's new engineering approach combines internal AI expertise with outsourced development teams to accelerate product development. This bifurcated strategy is expected to enhance the speed and efficiency of product development, particularly for the Discovr Radio Portal and AI Placement Engine [3].
The restructuring coincides with a fundamental business model transformation from a consumer subscription model to a B2B SaaS model. This pivot aims to create a new revenue stream by connecting artists and labels with AM/FM radio listeners through Auddia's proprietary AI platform [1].
The company expects the restructuring to improve its capital efficiency and reduce development timelines. The internal AI team will focus on training and productizing the AI Placement Engine, while dedicated outsourced engineering teams will lead the development of the Discovr Radio Portal [3].
About Auddia Inc.
Auddia, through its proprietary AI platform for audio identification and classification, is reinventing how consumers engage with AM/FM radio, podcasts, and other audio content. Auddia’s flagship audio superapp, called faidr, brings multiple industry firsts to the audio streaming landscape that include exclusive content and playlists, and showcases exciting new artists, hand-picked by curators and DJs. For more information, visit: www.auddia.com [1].
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 about the Company's current expectations about future results, performance, prospects and opportunities. Statements that are not historical facts, such as "anticipates," "believes" and "expects" or similar expressions, are forward-looking statements. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the Company's current plans and expectations, as well as future results of operations and financial condition. These and other risks and uncertainties are discussed more fully in our filings with the Securities and Exchange Commission. Readers are encouraged to review the section titled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, as well as other disclosures contained in the Annual Report and subsequent filings made with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise [1].
References:
[1] https://bizwest.com/2025/08/20/auddia-stock-soars-after-b2b-strategy-pivot/
[2] https://www.stocktitan.net/news/AUUD/auddia-announces-restructuring-of-engineering-team-in-preparation-zrsn90i2lxe5.html
[3] https://www.globenewswire.com/news-release/2025/08/25/3138300/0/en/Auddia-Announces-Restructuring-of-Engineering-Team-in-Preparation-for-Business-Combination.html
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