The Latvian audio-technology company Sonarworks has found EUR 700,000 in its third round of investments, thus becoming one of Latvia’s most popular start-ups in the eyes of investors. Total investments at the company have already reached EUR 1.5 million. Third-round investors include FlyCap Investment Fund I AIF, the private investor Vilis Vītols, and the AIF Imprimatur Capital Technology Venture Fund.
“Since entering the professional audio market at the beginning of 2015, Sonarworks has become the world’s leading company for digital sound correction,” says company co-founder and chairman Helmuts Bēms. “At the moment, more than 5,000 studios all around the world use our Reference 3 calibration software, including enthusiasts at home studios, as well as recording students were artists such as Taylor Swift, Beyoncé and Lady Gaga record their music. The company’s success is entirely down to its team – people who are passionate about music and can influence the company’s development.”
Sonarworks has developed a unique technology – special software that eliminates sound shortcomings in speakers and headphones. The latest investments will be used to develop a new product for a broader market. It will allow every listener to hear music at exactly the same level of quality that was present when it was first recorded, irrespective of the device that it is played on, says Sonarworks co-founder and project manager Mārtiņš Popelis.