Shazam is now worth $1 billion, according to Forbes. Shazam, a music identification app that has never made a profit in its sixteen years of existence, is now worth $1 billion thanks to a new round of funding. The British company recently added another $30 million to its total investments, bringing its total to ten figures. This is the company's second significant round of funding in the last year. The company announced in March that it had raised $20 million, bringing its total to $500 million. According to the company, Shazam is already one of the most popular music-related apps in the world, with over 500 million downloads. One hundred million of the half-billion downloads are monthly active users. The company has recently made several additions and changes to the app in an attempt to make it more valuable to both current users and brands. Shazam recently added the ability to play entire songs through the app for those who have Spotify or RDIO subscriptions. Shazam also has recently updated charts that show the most Shazamed tracks in real-time around the world.