Why would you want the artificial synesthesia Mhoto provides? Imagine having a phone that can analyze your contacts' avatars and assign a unique and appropriate ringtone to each. Or, think about a DJ who takes photos of the crowd at a concert and incorporates the generated tunes into her ongoing performance to provide a truly tailored experience for her fans. Of course, the quality of the music generated by Mhoto is of the utmost importance, and while co-founder Daniel Ketter has a background in music production, Mhoto has enlisted the help of producer Dub Killer (who has produced for both Miley Cyrus and Selena Gomez) to inform the music composition algorithm. And, the company tells us that the platform can also enable specialized genres based upon a producer's specific sound -- so, in theory, you could have your very own theme song from a Dr.Dre, Timbaland or Rick Rubin algorithm should they choose to partner with Mhoto.

Right now, Mhoto is in its infancy, and has built its app solely to show off its technology. However, the plan is to license the tech to other companies for them to implement as they see fit. And, in fact, Mhoto's already drawing interest from Samsung, HTC and China Mobile. So, it might not be long before Mhoto's making music for folks around the world. Get a glimpse of that future in the video below.

Nicole Lee contributed to this report.