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Sonic Emotion raises Rs.19 crore fund

Posted: 16 Sep 2013     Print Version  Bookmark and Share

Keywords:Sonic Emotion  Absolute 3D  investment 

Sonic Emotion, the developer of Absolute 3D sound and audio enhancement technologies, has announced the closing of a Rs.18.87 crore ($3 million) financing.

"The latest investment, which exceeded the company goal, signals a rapid growth in the demand for Sonic Emotion's solution," the company said.

The new investment will be used to accelerate global expansion in sales and marketing within Asia and the United States as well as to expand its patent and IP portfolio keeping up with the demand from top brands adopting the technology.

Sonic Emotion CEO Rajeev Kapur said, "This additional capital will allow us to continue our growth in the very attractive Asia and US markets via our software algorithms that can now support 2, 4, and 6+ speaker consumer electronic devices."

"Sonic Emotion has redefined the audio industry through its leading innovation and its management team's unique understanding of the 3D sound sector," said Daniel Gutenberg, Investor and General Partner of VI Partners. "The Company is already a pioneer in the space, and we believe this financing will provide it with the additional resources to not only continue leading this growing sector, but redefine it in completely new ways."

Sonic Emotion's Absolute 3D sound technology was developed from the concept of sound field control through the application of expertise in four fundamental aspects of 3D sound: wave field synthesis, spatial analysis, psychoacoustics and physical acoustics.

Sonic Emotion's sound technology, which has been integrated into products with global brands such as, Toshiba and Onkyo, allows consumers to experience movies, music and video games in a colourful sound imagery.

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