Swedish sound pioneer Dirac has completed a new $6-million round of financing and will appoint former Spotify executive Jonathan Forster to its Board of Directors.
The completion of the fundraising round and strategic new board appointment arrives on the heels of the company’s recent launch of Dirac's headphone technology and mobile app. The headphones automatically enhance the performance of any connected headphone to reveal even the most subtle beats, tones and sounds typically lost in standard headphones.
The Spending of the $6 million
Proceeds from the new financing round will be used to further evolve the company's technologies and app, as well as expand their ability to create intelligent audio solutions that enable new and improved sound experiences across all devices and content.
“Earlier this year, we introduced a technology that demonstrates that the audio you experience from your headphones can sound so much better with the addition of intelligently-designed digital sound software,” stated Dirac CEO Mathias Johansson.
And added: “However, this headphone technology is just one of the many pieces of our intelligent audio platform which digitally upgrades any kind of sound experience.”
The latest round includes well-known Swedish tech investors Inbox Kapital, Swedia Capital, and Johan Sedihn, and new investor DIG Investment.
Jonathan Forster joins the Board
New board member Jonathan Forster is an international executive with 25-years experience of scaling digital companies through hyper-growth.
He worked in a number of leadership roles at Spotify, where he spent ten years after joining as one of the company’s first five employees.
"Thanks to music streaming platforms, hundreds of millions of people around the world are consuming more music than ever before,” said Jonathan Forster.
“I'm excited to help the team continue to bring this technology to market," Forster added.
According to Johansson, this capital infusion and board appointment strengthen Dirac’s leadership position in the audio industry and the weight of this announcement far exceeds that of its headline and offers an important signal to the market.
We believe that information should be free and will therefore never put up a paywall.
If you like reading our reports about the Scandinavian business scene and would like to donate towards the upkeep of the site, we would be very grateful. Click here to donate.
Game Development | 🕐 18. Feb. 2020
Tech | 🕐 19. Jun. 2020
Business | 🕐 29. May. 2020
Startups | 🕐 17. Apr. 2020
Startups | 🕐 13. Apr. 2020
Startups | 🕐 27. Apr. 2020