Amazon-funded mini microphone startup Vesper hits $18 million in fundraising
Boston startup Vesper has raised $18 million in fundraising towards it’s tiny microphone and voice-activated technology business, with Amazon among the investors named.
The company drew 11 investors through a funding round led by Boston venture firm Accomplice. The backers include previous investors such as headphone and speaker company Bose and Amazon’s Alexa Fund (a section of Amazon that invests in voice technology).
With the $18 million, Vesper has accrued a total of $73 million in backing since it launched 12 years ago.
The recent funding will go towards scaling up production of its smart microphones and accelerometers, from tens of millions of units per year to hundreds of millions of units. It will also aid in research and development and expanding into new markets.
“This financing will allow us to serve new customers and applications and help accelerate the transition to edge AI enabled always listening systems,” said CEO Matt Crowley in a statement.
Vesper produces ‘piezoelectric microphones’, which convert sound waves to electricity using crystals. The company’s ambition is for its microphones to be used everywhere, such as remotes, appliances and even wind turbines and car engines. The microphones are currently used in headsets, bathroom fixtures, bins and office furniture.
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