Sonarworks
Creating smart speakers by adding digital signal processing to the physical product.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor investor | €0.0 | round |
| investor investor | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor investor investor investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
$2.0m Valuation: $30.0m 7.8x EV/Revenue -12.0x EV/EBITDA | Early VC | ||
| Total Funding | 000k | ||
| EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 59 % | 50 % | 20 % | 33 % | 10 % | (6 %) | 12 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | - | (33 %) | (69 %) | (45 %) | (65 %) | (50 %) | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (15 %) | (36 %) | (71 %) | (47 %) | (66 %) | (51 %) | (100 %) |
| 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 |
| R&D % of revenue | 68 % | 91 % | 76 % | 86 % | - | - | - |
Source: Company filings or news article
Related Content
Sonarworks, a company established in 2012, is at the forefront of sound calibration technology. The venture was co-founded by Helmuts Bems, a physicist with a deep-rooted passion for audio, and Martins Popelis, whose expertise lies in strategic development and international business. Their journey began from a shared frustration with the inconsistencies in sound reproduction across different audio devices, which led them to develop a solution that ensures a precise and uniform listening experience. This mission to deliver the creator's intent to the listener has been a driving force since the company's inception.
The firm operates within the professional audio and consumer electronics markets, serving a diverse clientele that ranges from Grammy-winning sound engineers and music producers to everyday music enthusiasts. Sonarworks' business model is centered on the sale of its software products and licensing its technology to third-party manufacturers. The core product, SoundID Reference, is a sophisticated software suite designed to calibrate headphones and studio monitors. By creating a custom profile of the user's specific audio hardware and listening environment, the software corrects for inherent acoustical imperfections, resulting in a flat, consistent, and accurate frequency response. This allows audio professionals to trust what they are hearing, ensuring their mixes translate well across different playback systems.
For the consumer market, Sonarworks offers SoundID, an application that personalizes audio output on headphones based on the user's unique hearing abilities and preferences. It guides the user through a simple A/B preference test to create a personalized sound profile, which can then be applied to their listening experience. A significant milestone for the company was the integration of its SoundID technology into consumer electronics, partnering with headphone manufacturers like 1MORE to embed the personalization features directly into the hardware. This strategic move expands their reach beyond the professional audio sphere, making personalized sound accessible to a broader audience.
Keywords: audio calibration, sound technology, pro audio software, headphone personalization, music production, sound engineering, acoustic correction, consumer electronics, sound personalization, studio monitors