Intel Sounds Out Investment in AudysseyTuesday, November 4, 2014
Audyssey, an audio technology research developer, has received an investment from Intel Capital to help improve the audio performance of its desktop computers, laptops and tablet PCs.
The investment in the downtown Los Angeles company was one of 16 Intel Capital investments totaling $62 million that were announced Tuesday. Sizes of the individual deals were not disclosed.
Audyssey licenses its audio technology, which helps optimize the sound quality of sound systems in movie and home theaters, automobiles, TVs and mobile phones. Established in 2002, the company spun off of USC Immersive Audio Laboratory.
Founder and Chief Technology Officer Chris Kyriakakis, who also is director of USC’s Audio Lab, said he expected Audyssey to make a big impact in laptop and tablet audio in the next 12 months.
“We’re trying to think of PC in its future forms and how it affects our world, our house and our car,” he said. “And part of that world is of course audio entertainment.”
Kyriakakis declined to disclose Audyssey’s total funding to date. Anthem Ventures, Best Buy Capital and ZenShin Capital are a few of the company’s backers.
Intel Capital, the VC arm of Intel Corp. makes equity investments in tech startups. It has put more than $11 billion in 1,400 companies since launching in 1991, including $333 million invested in 146 companies last year.