Audio control specialist Axign has announced the closing of a growth capital round. The Enschede-based fabless semiconductor company received an equity investment from lead investor KBC Focus Fund, a Brussels-based venture capital firm with a focus on semiconductor, nanotechnology and IoT solutions. Additional support came from Innovation Industries and Oost NL. With this boost in the coffers, Axign is looking to get its digital feedback audio chip into mass production in anticipation of a global market launch (link in Dutch).
According to Axign, its chip, known as AX5689, is capable of providing dramatically improved audio quality and offers cost-efficient applications in next-gen devices like active speakers and streaming audio systems. “The AX5689 enables audio system designers to more easily implement high sound quality in traditional high-end systems, and now enables superior audio quality in mid-range and lower-end systems, soundbars, connected streaming and smart speakers, as well as multi-channel AV receivers and TVs. All are product targets for the AX5689,” says Jeroen Langevoert, CTO and founder of Axign.