A new music application called Splice has hit the web today that will makes music editing, collaboration and sharing music easier by creating an auto-backup to every song.

Created by GroupMe co-founder Steve Martocci, Splice opens its private beta version today. Artists will be able to have access record songs collaboratively over the Internet and have access to every update to a song on a cloud, while sharing a timeline of those changes.

With the technology, fans could have access to the earliest demos of their favorite musicians songs, and could provide feedback on those tracks. In addition, musicians could easily compile sessions of different songs for expanded versions of albums or box sets.

Splice began as a conversation between Martocci and Jon “Barber” Gutwillig from The Disco Biscuits at a concert as Gutwillig told Martocci, “You have these awesome tools for creating software. Where are those for the music industry?”

Splice is running off of $2.75 million in seed funding led by Union Square Ventures, and is joined by True Ventures, Lerer Ventures, SV Angel, First Round Capital, Code Advisors, Warner Music Group COO Rob Wiesenthal, TechStars’ David Tisch and Turntable.fm’s Seth Goldstein.