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Months after announcing a 10-million-dollar haul in its most recent round of financing, Axign has revealed that it brought in over 3 million dollars more in a second closing. The additional funds come from the global technology investor Atlantic Bridge and the Almelo-based Ten Cate Investeringmaatschappij. With this second closing, the Dutch fabless semiconductor specializing in audio controller equipment has upped its funding round total to around 14 million dollars (12 million euros).
The bump in funding will help enable Axign to accelerate the commercialization of its products, and more specifically to strengthen its worldwide commercial and field application organization to drive the fast-growing customer pipeline of high-volume A-brand audio players. The money will also enable the company to develop its next-generation audio chip for battery-operated products, including earbuds with adaptive noise cancellation technology and smart speakers with enhanced voice control.
“Atlantic Bridge is delighted to be working with Axign’s exceptional management team, who have experience leading high-profile semiconductor and electronics companies,” says Gerry Maguire, general partner at Atlantic Bridge. “Axign’s highly differentiated core technology is already addressing significant market needs and we look forward to supporting the company on its journey to offer the ultimate audio experience in fast-growth, high-volume markets.”