Limes Audio
Acoustic echo cancellation and noise reduction.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor investor | €0.0 | round | |
| investor investor investor | €0.0 | round | |
* | N/A | Acquisition | |
| Total Funding | 000k | ||
| EUR | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | (6 %) | 26 % | (83 %) | (91 %) | 246 % | (51 %) | (65 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (25 %) | - | - | - | - | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (42 %) | 562 % | 17 % | (107 %) | (2 %) | (2 %) | 409 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Related Content
Limes Audio, established in Umeå, Sweden, in 2007 by founders Fredric Lindström and Christian Schüldt, specialized in enhancing voice communication through advanced audio software. The company's creation was rooted in academic research in acoustic echo cancellation and noise reduction, fields in which the founders had considerable expertise, evidenced by their numerous publications and patents. Their primary offering was a software suite, including the 'TrueVoice' full-duplex audio-conferencing software, designed to eliminate distracting echoes, suppress ambient noise, and improve overall speech quality during calls.
The business model centered on providing this technology to improve audio quality in various communication products. Limes Audio's software was engineered to address the acoustical challenges presented by different environments, like conference rooms of various sizes, and mitigate issues caused by poor internet connections. The company also offered product development and engineering services to create custom hardware solutions for its clients. Prior to its major milestone, Limes Audio had secured approximately $4.67 million in funding over two rounds from investors including Almi Invest, Inlandsinnovation, and Partnerinvest Norr.
A significant turning point in the company's history occurred in January 2017, when it was acquired by Google for an undisclosed sum. The acquisition was driven by Google's goal to enhance the audio experience for its G Suite products, specifically Google Hangouts and Chromebox for Meetings. Following the acquisition, the Limes Audio team was integrated into Google to apply their expertise toward improving the audio quality of Google's communication services.
Keywords: Limes Audio, acoustic echo cancellation, speech enhancement, voice communication software, audio signal processing, Google acquisition, Fredric Lindström, Christian Schüldt, TrueVoice, noise reduction, audio conferencing, Google Hangouts, Chromebox for Meetings, G Suite, voice quality, full-duplex audio, Umeå startup, Swedish tech, audio engineering, real-time audio