USound GmbH

USound GmbH is a technology company that specializes in developing and manufacturing innovative MEMS speakers, designed to deliver high-quality audio in compact form factors for various applications. Founded in 2014 in Graz, Austria, USound GmbH focuses on MEMS speakers that cater to a wide array of consumer electronics applications. The founding team includes Andrea Clerici, Ferruccio Bottoni, and Joerg Schoenbacher. In total, the company has completed 7 funding deals, with the most recent funding round being a GROWTH round in July 2023, where they raised EUR 10 million led by eQventure.

The total amount raised by the company to date stands at EUR 10 million. USound specializes in the development and manufacturing of MEMS (Micro-Electro-Mechanical Systems) speakers, which are designed to deliver high-quality audio with a compact form factor. Their flagship products are piezoMEMS speakers that feature a thickness of 1. 0 to 1.

5 mm, making them suitable for a range of applications including true wireless stereo (TWS) earbuds, headphones, AR/VR glasses, audio glasses, and hearing aids. The MEMS speakers provide significant advantages such as low current consumption, high sound accuracy, and the ability to operate in environments where traditional speakers may fail, such as MRI-compatible headphones. USound's products are marketed towards manufacturers and innovators in consumer electronics, with a focus on markets in Europe, North America, and Asia, aiming to enhance the auditory experience in wearable devices and other compact audio products. In 2023, USound reported a revenue of EUR 472,372, with an EBITDA of EUR -7,417,119.

5. The company's revenue model primarily relies on B2B transactions with manufacturers and electronic product developers. Clients engage in direct partnerships, incorporating USound's MEMS speakers into their own products, fostering bulk purchasing agreements. Following the recent funding round in July 2023, where EUR 10 million was raised to support the ramp-up of MEMS speakers, USound aims to enhance its product offerings and expand into new markets.

The company is focused on developing new products for the audio technology landscape, catering to growing demands in Europe, North America, and Asia. This funding will facilitate the acceleration of product development and market penetration, aligning with their strategic growth objectives.