Syng raises $ 49 million for Home Audio Tech
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 of new speakers and home audio products.
The round was led by Palo Alto-based Eclipse Ventures with participation from investors from venture capital firms Bridford Group, SIP Global Partners, Renegade Partners, Animal Capital and Schusterman Family Office. The tour also featured prominent 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 to immersive experiences, we are excited to partner with Syng and their leadership in space audio,” said Justin Butler, spokesperson for Eclipse Ventures, in a statement. “The Syng team were at the forefront of the digital music revolution and are now on the right track to redefine the way we experience audio through music, video and games.
Syng, which develops and sells home audio speakers, was founded by Christopher Stringer, CEO of the company, and Damon Way, brand director of the company. Prior to joining Syng, Stringer spent more than 20 years as lead designer for Apple Inc. 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.
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