|Dysonics Receives $750,000 Seed Equity Financing Led by Rawah Partners
San Francisco, CA, May 09, 2012 --(PR.com)-- Dysonics, Inc. a provider of consumer audio solutions for mobile devices, today announced that it has secured its first private funding led by a key investor, Rawah Partners, LLC. The current funding of $750,000 in seed equity financing enables the commercial launch of Dysonics, founded by University of California, Davis (UC Davis) scientists in the University’s technology incubator known as the Engineering Translational Technology Center (ETTC).
The seed equity financing provides Dysonics with a strong cash position to launch its first consumer products and hire key additional staff to bolster its product development and market presence. Founded in 2011 by UC Davis Engineering Professor Ralph Algazi Ph.D., scientist Richard O. Duda Ph.D. and UC Davis MS Engineering graduate Robert Dalton, Jr., Dysonics is the first company to roll out of the UC Davis incubator with the receipt of this Angel equity financing. Dysonics was part of the ETTC program for less than one year.
“This investment led by Rawah Partners will accelerate our ability to bring our product portfolio to market and validates our potential to leverage the fast-growing global installed base of iPhone users to offer them a richer, more engaging listening experience and new ways to interact with their content on their device, wherever they are, with whatever headset they have,” said Jim Olson, interim CEO of Dysonics and former CEO of SkyStream Networks, sold to Ericsson.
Dysonics Chief Technology Officer Robert Dalton, Jr. added, “We aim to make our unparalleled audio quality an essential element of the mobile entertainment experience for the hard-to-reach 15 – 35 year old demographic who consume media using their mobile devices, and to open the door for businesses seeking to deploy new forms of revenue-generating media applications and content using our audio solutions on mobile platforms.”
Dysonics is developing products for reproducing three-dimensional, immersive sound over headphones. “The experience of hearing sound involves more than reproducing some acoustic vibrations at their source,” Dr. Algazi said. “The shape of the head and ears, motion of the listener, and the acoustics of the room all play a role in the experience.” Dr. Algazi's research has explored how to capture and reproduce these nuances, for a more realistic, immersive listening experience.
“We invested in Dysonics because we strongly believe that increasing consumer demand for better digital sound quality and sound creation services on mobile devices is an untapped area in the mobile applications market,” said Kevin Duncan, Managing Director of Rawah Partners, LLC. "With Dysonics solutions, entertainment companies can monetize their existing media assets with better audio quality, and headset and other peripheral manufacturers can develop new products and services. With this funding, Dysonics is perfectly positioned to play a strategic role in supplying a new generation of mobile digital audio solutions for a dynamic new market."
Bruce White, former Dean of the UC Davis College of Engineering and director of the ETTC, said, “We’re extremely proud of Dysonics for being our first successful exit from the ETTC and delighted we were able to facilitate their initial funding. Dysonics products are based on 15 years of research and development by a UC Davis-led team of the world’s leading digital audio engineering experts, which proves the ability of public universities to play an active role in commercializing their research.”
The UC Davis Technology Management Office also played a key role in facilitating the Dysonics funding. “The Technology Management Office arranged the licensing deal for the intellectual property rights with Dysonics, which was a crucial step for attracting an investor of Rawah’s caliber,” said UC Davis Vice Chancellor of Research Harris Lewin. “We are very serious about continuing to commercialize more of our College of Engineering research portfolio and the collaboration between the ETTC, the Technology Management Office, and Dysonics shows that we’ve got the right business model for success.”
Dysonics expects to launch its first consumer product this summer to be followed by a series of related products and solutions
Dysonics, www.dysonics.com, is a provider of consumer audio solutions for mobile devices based in San Francisco, CA. The company was developed initially in the University of California, Davis technology incubator known as the Engineering Translational Technology Center (ETTC) and has garnered two U.S. patents with multiple claims in the area of audio engineering.
About the University of California, Davis ETTC
The Engineering Translational Technology Center (ETTC), http://engineering.ucdavis.edu/research/ettc.html, is a technology development center established by the UC Davis College of Engineering to accelerate the transition of high-impact innovative research from the college to technology development and commercialization.
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