The investment brings Syng’s total funding to more than $50 million, according to the company. It will use the investment to support research and development for new speakers and home audio products.
The round was led by Palo Alto-based Eclipse Ventures with investor participation from venture capital firms Bridford Group, SIP Global Partners, Renegade Partners, Animal Capital and Schusterman Family Office. The round also included high-profile individual investors, such as musician Lionel Richie, “Call of Duty” game creator Vince Zampella, “Rock Band” game creator Alex Rigopulos, Airbnb co-founder Joe Gebbia and Instagram co-founder Mike Krieger.
“As the entertainment industry undergoes a huge transition into immersive experiences, we’re excited to partner with Syng and their leadership in spatial audio,” Justin Butler, spokesperson for Eclipse Ventures, said in a statement. “The Syng team was at the forefront of the digital music revolution and are now on track to redefine how we experience audio across music, video and gaming.”
Syng, which develops and sells home audio speakers, was founded by Christopher Stringer, the company’s chief executive, and Damon Way, the company’s chief brand officer. Prior to joining Syng, Stringer spent more than 20 years as Apple Inc.’s lead designer developing consumer products, including the iPhone, iPad, MacBook and Apple Watch. Way is the co-founder of Huntington Beach-based DC Shoes Inc. and Chino-based Incase Designs Corp.