Dirac, a Uppsala, Sweden-based sound company, raised $17.73m USD (150 MSEK) in funding.
Backers in the new round, which valued the company at just under $142.2m USD (1.200 MSEK), included new investor TIN Fonder and current investor DIG Investment.
The company intends to use the funds to accelerate global growth.
Led by CEO Peter Friedrichsen, Dirac has developed technology that optimizes digital audio. The patented sound solution technology spans across mobile, gaming, Virtual Reality and Augmented Reality, headphones, streaming, automotive, residential and commercial AV. Some respected brands, including Rolls Royce, Volvo, Polestar, BMW, BYD, Harman, Datasat, NAD, ASUS, and OPPO use it to bring sound experience to their customers.
Over the past 12-months, the company has experienced marked success across all of its core channels – home audio, pro audio, automotive, headphone, mobile, and streaming – signing key OEM deals with brands such as Onkyo, Pioneer, Philips, Hyundai, Volvo, Polestar, BYD, Klipsch, and ASUS, among others. It has also developed new sales channels, working directly with semiconductor and middleware companies – like NXP, Analog Devices (ADI), and CRI Middleware – to integrate audio directly into chipsets and platforms.
Dirac has offices in Shenzhen, Beijing, and Shanghai, China; a Research & Development facility in Copenhagen, Denmark; and representation in Germany, Japan, Korea, Taiwan, and the USA.
FinSMEs
01/06/2021