USound, a Graz, Austria-based global developer and manufacturer of micro-electro-mechanical systems (MEMS) loudspeakers for personal devices and wearable technology, raised $30m in funding.
The round was led by eQventure, with participation from Hermann Hauser (co-founder of ARM) and Longzhong Yang (co-founder of BYD), as well as the European Investment Bank.
The company intends to use the funds to to move into mass production of its second generation MEMS loudspeakers for several global companies.
Led by Ferruccio Bottoni, Chief Executive Officer, USound is developing and manufacturing MEMS-based audio products for several international companies, including MEMS microspeakers for global TWS earbud brands, hearing aid companies like Shenzhen Magnet Technology Co., Ltd, augmented reality glasses with MEMS audio for a major technology company, and in-ear health monitors for HMS. The company is also deploying its MEMS speakers in audio glasses like Fauna, a consumer fashion technology brand and is to be technology partner for OPPO’s Installation at Milan Design Week 2021.
USound’s second generation MEMS speakers offer full support for spatial audio and withstand water submersion of up to 3 meters, reducing the complexity of manufacturing waterproof consumer electronics. Its second generation was developed with the support in part of a $2m grant from the European Commission’s Horizon2020 program.