Porsche Ventures invests in US software company DSP Concepts
Porsche has purchased a stake in Silicon Valley-based DSP Concepts, Inc. The company specializes in developing software for audio signal processing and audio algorithms.
A total of 14.5 million US dollars (€13.4 million) was invested in the company as part of a series B financing round. Consequently, the overall investment volume in the company, established in 2003, has increased to over 25 million US dollars (€23 million). Other companies investing in addition to Porsche Ventures include BMW iVentures, Innovation Growth Ventures/Sony Innovation Fund, MediaTek Ventures and the ARM IoT fund.
The company offers an audio development platform (Audio Weaver) to streamline the audio development process. Audio Weaver is an innovative hardware-independent platform designed for in-house audio algorithm development.
About Porsche Ventures
Porsche Ventures invests in innovative technologies and business models worldwide.
Feb 21, 2020 at 23:06