Innovestor Invests in PS Audio Design – Revolutionary Audio Surface Technology

Announcing the first investment from our Industrial Technology Fund – PS Audio Design. The company raised around € 1M led by us and joined by other investors.

Located in Oulu, Finland, PS Audio Design licenses patented electromagnetic actuator technology called PSAD Audio Surface technology. PSAD Audio Surface technology transforms screens and panels into loudspeakers producing high quality sound. For example, the screen of a smart phone can become the phones loudspeaker providing audio quality that by far exceeds the audio quality of any smart phone on the market. Simultaneously the technology provides significant material cost savings and design benefits.

Implementing PSAD Audio Surface technology in different devices is revolutionary due to its simplicity and cost-effectiveness. The technology is fully scalable to products of all sizes – rangeing from mobile phones to televisions – additionally it also enables haptic effects, which are used for example in the automotive industry. The technology is already in mass production in smart phones.

”We see great potential in PS Audio Design as the company has shown a proven track record of revenue growth and customer traction. Additionally, their experienced team has strong IP and licensing expertise to take the company to the next level. We are thrilled to have now joined the company on their journey to revolutionizing audio surface technology” commented Innovestor Ventures Managing Partner Tommi Äijälä.

 

The funding will enable faster expansion of the company’s technology utilization. Engineers have already been hired to develop new implementations and demonstrations for new business areas. Additionally, Innovestor will support the company with business development needs and providing access to a vast network of contacts.

”We are very excited about this opportunity and look forward to introducing PSAD Audio Surface technology to multiple product fields – we believe that we have a chance to be a part of a big change in increasing the attractiveness of many products with audio features. With the help of our investors this dream is now even closer” stated Petri Soronen, CEO of PS Audio Design.

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