Sound Dimensions raises SEK 23M to further develop its wireless speakers suite.
Sound Dimensions, a Karlstad, Sweden company which develops aiFi, a wireless speaker system, raised SEK 23M ($2.6M). The funding comes from a range of local investors from Stockholm, Karlstad and Norway, including Gullspång invest.
Sound Dimensions, founded in 2013 and led by CEO Victor Isaksen, manufactures aiFi which is an intelligent audio product. aiFi is a short for Artificial Intelligence Fidelity and is a modular loudspeaker, meaning that multiple drives can be stacked at each other and get louder sound, while the sound quality will not be affected. A specific AI technology in each speaker adapts including what each unit does to provide a complementary sound.
For 2017 Sound System expects SEK 30M ($3.3M) in revenues.