USound has secured a €10 million investment to enhance MEMS speaker production for TWS earbuds and OTC hearing aids, backed by prominent venture capital and tech entrepreneurs.
Information on the Target
USound, based in Graz, Austria, is a prominent developer and supplier of MEMS (Micro-Electro-Mechanical Systems) speakers designed for a wide range of wearable and portable devices. Recently, the company announced a substantial growth investment of €10 million aimed at enhancing its high-volume MEMS production capabilities. This funding will support the production of true wireless stereo (TWS) earbuds and over-the-counter (OTC) hearing aids, positioning USound to better meet the demands of an evolving audio market.
The company’s proprietary MEMS speakers offer significant advantages over traditional speaker technologies, including a 50% reduction in size and an 80% decrease in energy consumption. These speakers are engineered to be easily integrated into various consumer electronics such as Bluetooth earphones, headphones, smartphones, and VR/AR glasses, thereby expanding their applicability across multiple devices in the audio landscape.
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Industry Overview in Austria
The audio technology industry in Austria is witnessing rapid growth, propelled by innovations in consumer electronics and a rising demand for high-quality audio products. The increasing popularity of wireless devices, particularly TW
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eQventure
invested in
USound
in 2023
in a Growth Equity & Expansion Capital deal
Disclosed details
Transaction Size: $10M