Atlantic Bridge buys into audio IC startup
The financing expands Axign’s previously announced venture capital round from March 2021, which was worth more than $10 million. In aggregate the round is $14 million (about €12 million).
Axign, founded in 2014 by CTO Joroen Langevoort, is based on control systems and algorithms implemented efficiently in mixed-signal ICs.
Axign said it would use the money to accelerate commercialization of its products, strengthen its field application organization and to develop a next-generation chip aimed at battery-operated products including ear buds and smart speakers.
“Axign’s highly differentiated core technology is already addressing significant market needs and we look forward to supporting the company on its journey to offer the ultimate audio experience in fast-growth, high-volume markets” said Gerry Maguire, general partner at Atlantic Bridge, in a statement issued by Axign.
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