Dirac Research Closes $13.2-Million Round of Financing to Fuel Investment in Future Intelligent Audio Solutions
February 14, 2019
UPPSALA, SWEDEN, February 14, 2019 — As the consumer audio experience across all devices becomes increasingly driven by software innovation, Swedish sound pioneer Dirac Research today strengthened its position as the world’s leading one-stop source for digital audio signal processing solutions with the completion of a new $13.2-million (119 MSEK) round of financing led by current investors.
Investment proceeds will be used to pioneer new market-leading intelligent audio solutions for companies across industry that demand a premium audio experience and an entire digital audio processing chain, from capture to playback – regardless of device size or form factor.
“As consumer devices decrease in size and expand in complexity, digital signal processing is the key to unlocking their full audio potential and creating premium sound experiences,” stated Dirac CEO Mathias Johansson. “With this new funding, we can take our approach to digitizing sound systems even further – creating more intelligent and adaptive audio processing solutions that establish new standards in both audio playback and capture across a variety of applications.”
Continued Johansson, “In doing so, we establish ourselves as the industry’s leading one-stop-shop for an entire premium digital audio chain and provide customers with the best possible sound experience for every use case.”
To manage the expanding scope of product development initiatives, Dirac has appointed former Harman International Senior Vice President of Research & Development Armin Prommersberger as Chief Technology Officer and opened a Copenhagen Research & Development Center.
“The 5G network will deliver a new level of global connectivity, creating new use cases for our current and emerging technologies; autonomous driving will transform the vehicle from a transportation device to a mobile home theater or conference room; AI will infuse true intelligence into all of our devices,” continued Johansson. “However, as dramatically as the world will soon change, intelligent audio solutions – such as those pioneered by Dirac – will be at the core of all of these new technology experiences.”
Concluded Johansson, “With this new round of funding, combined with Armin’s appointment and the opening of the Copenhagen R&D Center, Dirac is firmly positioned to lead in the development of end-to-end digital signal processing technologies that will power the devices of today and tomorrow.”