• Multitrack audio recording and MIDI sequencing HW and SW instruments
• Unique "session view" for non-linear composition, production and improvisation
• Real-time audio warping, automatic synchronization regardless of tempo
  MIDI mappable drivers for a variety of live/studio instruments + auto mapping of popular hardware controllers
• Comping: select and combine the best parts of several of your audio and MIDI recordings
• Group tracks: several levels of grouping for greater flexibility and simplification of the arrangement
• Tempo follow: Live changes its tempo based on the incoming external signal in real time
• Note chance and velocity chance: set the probability with the speed which MIDI or drums will play
• Combine several devices and audio effects with Instrument Rack
• Combine multiple MIDI effects with the MIDI Effect rack
• Improved Sampling and Slice tools
• Support for VST2/VST3 and Audio Unit plugins
• MIDI Polyphonic Expression: allows MPE-compatible devices to control several parameters of each note in real time
• Groove engine to "swing" to audio/MIDI files, or extract rhythms from other audio files
• Video import/export to edit musi/video audio
• 4 virtual instruments: Simpler, Impulse and Drum Rack, Instrument Racks
• 21 audio and 11 MIDI effects
• 1500+ sounds, 5 + GB loops and samples

Tech-info/compatibility:

• Non-destructive editing with unlimited undo steps
• Multitrack recording up to 32-bit/192kHz
• Automatic delay compensation for external plug-ins
• Integration of Ableton link!
• MIDI control using simple mapping
• MIDI output for HW synths
• MIDI clock/sync
• Multicore/Multiprocessor support
• WAV, AIFF, MP3, OGG Vorbis, FLAC file support
• 16 Audio/MIDI tracks
• 2x send/return track
• 8 audio inputs, 8 audio outputs
• MIDI Capture