Collaboration Enables Leader in Audio Technology to Extend Footprint in PC Applications
LOS ANGELES, CA -- (Marketwired) -- Audyssey, a leader in audio technologies that improve the listening experience, today announced an investment from Intel Capital. Audyssey's audio technologies are used to optimize audio performance of mobile devices, headphones, home theaters, televisions, IMAX theaters and premium automobiles. The funding is expected to help the company accelerate adoption of its audio technologies in key growth categories such as desktop computers, laptops and tablet PCs.
"Audyssey's approach to improving the audio solution could enable a much better audio experience on Intel-based platforms," said Praveen Vishakantaiah, vice president of Intel's PC Client Group and general manager of Client Solutions and Technology. "We are optimistic our collaboration can lead to Audyssey improving the PC audio experience."
Intel Capital's investment was led by Director Ranjeet Alexis. Specific terms were not disclosed.
Audyssey has a decade-long heritage in audio technology. The company's first technology -- MultEQ -- was the result of six years and $6 million of research at the USC Immersive Audio Lab. MultEQ later became one of the most prevalent technologies used in home theater AVRs. Audyssey now boasts a diverse portfolio of audio technologies to correct many of the acoustical and psychoacoustic challenges plaguing the listening experience in homes, automobiles, televisions, mobile devices and IMAX movie theaters.
"At Audyssey we are passionate about creating technologies that make every device sound perfect," said Chris Kyriakakis, Audyssey's founder and chief technology officer. "Working with Intel will enable us to deliver technologies that optimize the listening experience for desktops, laptops and tablet PCs."
Visit http://www.audyssey.com for more information about Audyssey's complete portfolio of audio technologies.
Established in 2002, Audyssey is the industry leader in research-based audio technologies that correct acoustical problems to improve the sound quality of any device or listening environment. The company's technologies are integrated into home theater products, automobiles, TVs, mobile phones and movie theaters from industry-leading manufacturers. For more information, visit http://www.audyssey.com.
About Intel Capital
Intel Capital, Intel's global investment organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$11 billion in over 1,400 companies in 57 countries. In that timeframe, 209 portfolio companies have gone public on various exchanges around the world and 363 were acquired or participated in a merger. In 2013, Intel Capital invested US$333 million in 146 investments with approximately 49 percent of funds invested outside North America. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com or follow @Intelcapital.
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