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Smule, the company behind popular, music-based iPhone apps like Ocarina and I am T-Pain, has raised $8 million in a third round of funding.

The Menlo Park, Calif. company’s apps usually take advantage of the iPhone’s capabilities in cool, innovative ways that revolve around music. (Co-founder and chief technology officer Ge Wang is a music professor at Stanford.) I am T-Pain, developed with the popular hip hop star, overlays your singing with Auto-Tune technology, and has been downloaded 700,000 times. Ocarina, which transforms your iPhone into a musical instrument, has been downloaded 1.65 million times. Those are paid apps, by the way, and Smule says it’s on-track to reach $3 million in sales this year.

Smule also recently launched an “evil twin” company called Smort, which it uses for its more out-there ideas, such as an iPhone game called Attack of the Zombie Bikini Babes from Outer Space.

The funding comes from new investor Shasta Ventures, as well as existing investors Bessemer Venture Partners and Granite Ventures. The company has now raised $13.7 million in funding.

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