Hearing tech specialist Doppler Labs has closed a $17 million Series B funding round led by The Chernin Group, Wildcat Capital Management and Acequia Capital. Live National Entertainment, Universal Music Group and WME also participated in the round.
Founded by Noah Kraft and angel investor Fritz Lanman in 2013, the company promises to change the way we hear the world around us. Its original product, the Dubs, was launched in September of 2014, to allow club- and concert-goers to take down the decibel level without sacrificing audio quality. The $25 product was fully mechanical and to date Doppler Labs has sold nearly 250,000 units.
Doppler’s other product, the Here Active Listening System, is a different beast, combining a computer, a microphone and a speaker into a tiny ear bud to enable users to curate the audio around them in the real world (i.e. cut down on noise while flying or during a commute). Users can then adjust the EQ settings to switch up the bass, mids, or treble, as well as apply effects like reverb, flange, vintage vinyl crackle, echo, and more.
The Here Active Listening system debuted on Kickstarter, where it managed to pull in more than $600,000.
Doppler Labs has recently pulled in some new talent, including former Senior Director of Product for the Nike FuelBan Kennard Neilsen, leader of Amazon’s product design team for the earlier generations of the Kindle Fire Dr. Jeff Baker, and Gints Klimanis, who was leading audio teams for Google’s Nest Labs and, before that, Apple.