Doppler Labs, a NYC-based startup that aims to create wearable technology that makes computing more immersive and human, closed a $17m Series B funding.
The round was led by The Chernin Group, David Bonderman’s Wildcat Capital Management and Acequia Capital. As previously announced, the round also included investments from Live Nation Entertainment, Universal Music Group and WME.
Led by Noah Kraft, CEO and Co-Founder, and Fritz Lanman, Executive Chairman and Co-Founder, Doppler Labs is now focused on building “hearables,” wearable technology for the ears. Its Here Active Listening System uses two wireless buds and a connected smartphone app to provide users with the tools to instantly personalize any live audio environment. Prior to launching the Here Active Listening System, the company had launched DUBS Acoustic Filters and signed partnerships with entertainment projects like Coachella, Bonnaroo, Outside Lands, Tao Group, Soul Cycle and AM Only and artists like Tiesto, Quincy Jones and Hans Zimmer.
The company, which has sold nearly a quarter million DUBS units to date, has forty-seven employees including thirty engineers in its New York and San Francisco offices. It also operates a dedicated R&D facility in Camarillo, California and a dedicated manufacturing facility in Shanghai, China.
FinSMEs
08/07/2015