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Dirac Research has rasied $17.73 million in funding to develop application audio options that will develop the “future of sound.”
The revenue for the Uppsala, Sweden-based enterprise comes from Swedish fund TIN Fonder and DIG Investment, in a direct share concern. And it values the enterprise at a post-revenue valuation of $142.2 million.
CEO Peter Friedrichsen mentioned the revenue positions Dirac to lead what it believes will be the next wonderful era in audio driven by application rather than hardware alone. He mentioned that hardware innovation has driven audio advances considering the fact that the dawn of reproduced sound. But he thinks that will shift as application aids obtain greater levels of audio efficiency.
Over the previous year, the enterprise has seen development across all of its core channels: home audio, pro audio, automotive, headphone, mobile, and streaming. It has essential original gear manufacturer (OEM) bargains with brands such as Onkyo, Pioneer, Philips, Hyundai, Volvo, Polestar, BYD, Klipsch, and Asus, amongst other folks. It has also created new sales channels, working straight with semiconductor and middleware corporations — like NXP, Analog Devices (ADI), and CRI Middleware — to integrate Dirac audio straight into chipsets and platforms.
With application enhancements, Dirac buyers can launch new solutions at reduced charges at a quicker pace and with more personalization for buyers, the enterprise mentioned. Overall item efficiency can be substantially enhanced.
Growth business enterprise veteran Peter Friedrichsen joined the enterprise as CEO, freeing up former CEO Mathias Johansson to focus on innovation as chief item officer.
U.S. tech market veteran Wade Giles joined the enterprise as vice president of North America to drive new partnerships with semiconductor makers, and Klas Åström was appointed chief monetary officer.
Customers contain Rolls Royce, Volvo, Polestar, BMW, BYD, Harman, Datasat, NAD, ASUS, and OPPO.