Ryan Kavanaugh’s Proxima Media Invests $28 Million in TikTok Rival Triller (Exclusive)

The AI-powered music video platform has 13 million active monthly users and 60 million total downloads

Ryan Kavanaugh’s Proxima Media on Wednesday announced an eight-figure investment in Triller, the AI-powered music video platform Triller, a TikTok rival that has reported 13 million active monthly users and 60 million total downloads.

The investment is worth $28 million, according to an individual with knowledge of the arrangement. The new funds will be used to fuel continued growth and product enhancements to a platform built for music sharing, content creation, and artist discovery in the music industry.

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Thom Geier

Thom Geier

Executive Editor • thom.geier@thewrap.com