Auddia Announces Restructuring of Engineering Team in Preparation for Business Combination
Auddia (NASDAQ:AUUD) announced a strategic engineering team restructuring aimed at reducing costs and aligning with its planned AI-native holding company structure. The reorganization is expected to reduce engineering costs by $750,000 annually.
Key changes include the transition of Pablo Calderon, lead AI engineer, to the holding company's AI team, and the departure of CTO Peter Shoebridge. The company is shifting from a consumer subscription model to a B2B SaaS model, focusing on connecting artists and labels with radio listeners through AM/FM radio streams.
The restructured engineering approach combines internal AI expertise with outsourced development teams to accelerate product development, particularly for the Discovr Radio Portal and AI Placement Engine.
Auddia (NASDAQ:AUUD) ha annunciato una riorganizzazione strategica del team di ingegneria volta a ridurre i costi e ad allinearsi alla prevista struttura di holding focalizzata sull'IA. La riorganizzazione dovrebbe ridurre i costi di ingegneria di 750.000 dollari all'anno.
Tra i cambiamenti principali, Pablo Calderon, lead AI engineer, passer脿 al team AI della holding, mentre il CTO Peter Shoebridge lascer脿 l'azienda. La societ脿 sta passando da un modello di abbonamento consumer a un modello SaaS B2B, con l'obiettivo di collegare artisti e etichette ai radioascoltatori tramite flussi radio AM/FM.
Il nuovo approccio ingegneristico combina competenze AI interne con team di sviluppo esternalizzati per accelerare lo sviluppo dei prodotti, in particolare il Discovr Radio Portal e l'AI Placement Engine.
Auddia (NASDAQ:AUUD) anunci贸 una reestructuraci贸n estrat茅gica del equipo de ingenier铆a destinada a reducir costos y alinearse con su prevista estructura de holding centrada en IA. Se espera que la reorganizaci贸n reduzca los costos de ingenier铆a en 750.000 d贸lares anuales.
Los cambios clave incluyen la transici贸n de Pablo Calderon, ingeniero l铆der de IA, al equipo de IA de la holding, y la salida del CTO Peter Shoebridge. La compa帽铆a est谩 cambiando de un modelo de suscripci贸n para consumidores a un modelo SaaS B2B, con foco en conectar a artistas y sellos con oyentes de radio a trav茅s de transmisiones AM/FM.
El enfoque de ingenier铆a reestructurado combina la experiencia interna en IA con equipos de desarrollo externalizados para acelerar el desarrollo de productos, especialmente el Discovr Radio Portal y el AI Placement Engine.
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Auddia (NASDAQ:AUUD) a annonc茅 une restructuration strat茅gique de son 茅quipe d'ing茅nierie visant 脿 r茅duire les co没ts et 脿 s'aligner sur sa future structure de holding ax茅e sur l'IA. La r茅organisation devrait permettre de r茅duire les co没ts d'ing茅nierie de 750 000 dollars par an.
Parmi les changements cl茅s, Pablo Calderon, ing茅nieur principal en IA, rejoint l'茅quipe IA de la holding, tandis que le CTO Peter Shoebridge quitte l'entreprise. La soci茅t茅 passe d'un mod猫le d'abonnement grand public 脿 un mod猫le SaaS B2B, en se concentrant sur la mise en relation d'artistes et de labels avec les auditeurs via des flux radio AM/FM.
L'approche d'ing茅nierie restructur茅e combine l'expertise IA interne avec des 茅quipes de d茅veloppement externalis茅es pour acc茅l茅rer le d茅veloppement produit, notamment le Discovr Radio Portal et l'AI Placement Engine.
Auddia (NASDAQ:AUUD) hat eine strategische Umstrukturierung des Engineering-Teams angek眉ndigt, um Kosten zu senken und die geplante, KI-fokussierte Holding-Struktur zu unterst眉tzen. Die Reorganisation soll die Engineering-Kosten um 750.000 US-Dollar j盲hrlich reduzieren.
Wesentliche 脛nderungen sind der Wechsel von Pablo Calderon, Lead AI Engineer, in das AI-Team der Holding und der Weggang des CTO Peter Shoebridge. Das Unternehmen stellt sein Gesch盲ftsmodell von einem Consumer-Abonnement auf ein B2B-SaaS-Modell um und konzentriert sich darauf, K眉nstler und Labels 眉ber AM-/FM-Radiostreams mit H枚rern zu verbinden.
Der neu ausgerichtete Engineering-Ansatz kombiniert interne KI-Expertise mit ausgelagerten Entwicklungsteams, um die Produktentwicklung zu beschleunigen, insbesondere f眉r das Discovr Radio Portal und die AI Placement Engine.
- Annual cost reduction of $750,000 in engineering expenses
- Retention of key AI talent while optimizing engineering costs through outsourcing
- Transition to B2B SaaS model from consumer subscription model
- Expected acceleration of product development speed through new engineering structure
- Departure of CTO Peter Shoebridge indicates significant leadership changes
- Major business model pivot creates execution risks
- Reliance on outsourced engineering teams could impact development control
Insights
Auddia's engineering restructuring cuts $750K annually while positioning for AI-focused B2B pivot and upcoming business combination.
Auddia's engineering restructuring represents a strategic $750,000 annual cost reduction while simultaneously preparing for its previously announced business combination and shift to an AI-native holding company structure. This dual-purpose move allows the company to maintain critical AI capabilities while outsourcing less specialized development work.
The restructuring coincides with a fundamental business model transformation from consumer subscriptions to a B2B SaaS model targeting artists and labels. This pivot aims to create a new revenue stream by connecting these stakeholders with AM/FM radio listeners through their proprietary AI platform.
From an operational perspective, the company is implementing a bifurcated development approach: internal AI talent will focus on the AI Placement Engine (core technology) while outsourced teams handle the Discovr Radio Portal (client-facing platform). This structure potentially accelerates development timelines while reducing capital requirements - a critical consideration given the company trades on NASDAQ but hasn't disclosed current cash position in this release.
The departure of CTO Peter Shoebridge represents a significant leadership change, though the company appears to have prioritized engineering continuity through the transition. Meanwhile, the retention and repositioning of Pablo Calderon (lead AI engineer) to the holding company level signals the strategic importance of AI capabilities to Auddia's future.
This restructuring suggests management is taking decisive action to extend runway while maintaining development capabilities during a period of strategic transformation. The success of this approach will ultimately depend on the company's ability to execute its B2B pivot and complete the planned business combination while maintaining its technological edge in audio AI.
Restructuring projected to reduce engineering costs by
Current lead AI engineer to join the AI engineering team at the holding company level upon closing of the proposed business combination
Utilization of internal and dedicated outsourced engineering talent expected to significantly increase the speed of product development
BOULDER, Colo., Aug. 25, 2025 (GLOBE NEWSWIRE) -- (NASDAQ:AUUD) (NASDAQ:AUUDW) (鈥淎uddia鈥� or the 鈥淐ompany鈥�), an AI first technology company that has built a proprietary AI platform for audio identification and classification to reinvent how consumers engage with audio, today announced a restructuring of its engineering team aimed at significantly reducing costs while positioning the Company for its AI native holding company structure upon closing of the previously announced business combination.
Pablo Calderon, Auddia鈥檚 head of engineering and lead AI model developer, will join the AI team being built at the holding company level to service the AI engineering needs of its proposed subsidiaries, to include Auddia.
鈥淎s AI continues to make inroads into everything, we saw an opportunity to not only reduce costs significantly, but to restructure our engineering team to better align with the focus of the AI-native holding company we are positioning to build post business combination,鈥� said John Mahoney, Auddia CFO. 鈥淏y retaining key AI talent while outsourcing less specialized engineering requirements, we believe the Company is better positioned to deliver on our AI mission while gaining the ability to build out multiple product development projects in parallel.鈥�
As part of the restructuring, Peter Shoebridge, Auddia CTO, will be leaving the Company at the end of August.
鈥淚 want to thank Peter for his long term dedication to the Auddia mission and to his many contributions to our proprietary technology stack over the years,鈥� said Jeff Thramann, Auddia CEO. 锟斤拷I want to further thank Peter for his final gesture of professionalism in leading his team to work diligently with our new outsourced providers to complete what has been a smooth and seamless transition.鈥�
The Company recently announced that in conjunction with the planned AI native holding company restructuring under review, the business model of Auddia is changing from a consumer subscription model to a B2B SaaS model focused on giving artists and labels a new way to leverage AM/FM radio streams to connect with mainstream radio listeners.
With the engineering transition now completed, the internal AI team will focus on training and productizing the AI Placement Engine while the dedicated outsourced engineering team will lead development of the Discovr Radio Portal. The Company believes this will be a more capital efficient and faster product development process than was possible under the previous engineering structure, with launch of the Discovr Radio platform coinciding with the AI native holding company restructuring.
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鈥檚 flagship audio superapp, called faidr, brings multiple industry firsts to the audio streaming landscape that include:
- ad free listening on any AM/FM music station
- content skipping across any AM/FM music station
- one touch skipping of entire podcast ad breaks
- ad free listening to podcast partners
faidr also delivers exclusive content and playlists, and showcases exciting new artists, hand-picked by curators and DJs. For more information, visit:聽
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.
Investor Relations:
Kirin Smith, President
PCG Advisory, Inc.
FAQ
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