The investment qualifies as one of the biggest financing rounds for an Austrian startup these past years. The new capital will serve to accelerate organizational growth and to hire additional staff.
"Several well-known hardware producers have expressed interest in our product. First customer orders have been booked. Our current priority is the serial production, and for this we aim to increase our personnel from roughly 30 engineers to almost 50," explains USound CEO Ferruccio Bottoni.
In a project that stretched across several years, USound developed the smallest speaker in the world. It is now ready for market-entry and safeguarded by numerous patents. This first digital version of a micro speaker is based on innovative MEMS technology that enables the extreme miniaturization as well as highest levels of energy efficiency. The founders believe that the micro speakers can be deployed in a vast array of applications.
"Headphones are only a starting point," reveals Bottoni, "our product is set to have an impact across all aspects of life as it enables a new paradigm for audio smart systems in portable devices."
Bottoni concludes: "With the fresh capital we can swiftly start mass production."
The lead investor eQventure offers USound financing, support in corporate development and a worldwide business network. It was through their doing that Hermann Hauser could be won as an eQventure investor. The entrepreneur, venture capital investor and ARM founder Hauser contributes capital as well as strategic industry know-how.
USound GmbH is a fast growing audio start-up, founded with the mission of developing and producing the most advanced audio systems for mobile applications based on MEMS technology. The technological platform developed by USound is enabling the production of a revolutionary generation of MEMS micro speakers that are to be deployed in the world's top mobile applications. USound is a fabless company.