Audio control specialist Axign has announced the closing of another round of investment. This time around, the fabless semiconductor expert raked in 10 million dollars (8.4 million euros) in new capital, led by Forward.one with existing investors like Innovation Industries, KBC Focus, Oost NL and the Axign founder and business angels joining in. The Dutch government also chipped in with an innovation credit through RVO.
With this infusion of cash, Axign will look to accelerate commercialization and develop a next-gen audio chip for battery-operated products. Currently, the Enschede-based company is focused on disrupting the earbud and smart speaker markets with its active noise cancellation and integration of its next-gen voice control technologies.
“We’re supporting Axign again in this funding round as we’re convinced that its unique and patented ‘digital loop’ technology brings an extremely cost-effective solution combined with a ‘best-in-class’ audio experience to consumers in the mainstream audio segment,” says Rudi Severijns, investment director of the KBC Focus Fund. “Axign operates in a really booming market and multiple leading audio brands are embracing the Axign technology with several products entering the market right now.”