Porsche joins DSP Concepts
Porsche has invested in DSP Concepts: In a financing round, the Silicon Valley company received a total of 14,5 million US dollars (13,4 million euros).
BMW is also a shareholder in the audio software specialist, which, among other things, designed the independent sound concept for the Porsche Taycan electric sports car.
DSP Concepts specializes in the development of software for audio signal processing and audio algorithms. With “Audio Weaver,” the company offers a hardware-independent development platform that enables in-house development of audio algorithms.
It is currently used in more than 40 million devices in the automotive and consumer goods industries, including Porsche. DSP Concepts has also developed intelligent software called "TalkTo" that enables reliable voice control even in the presence of loud ambient noise.
DSP Concepts is headquartered in Santa Clara, California. The company also has offices in Boston, Stuttgart and Shanghai.
DSP Concepts wants to use the capital raised to expand worldwide. The first step will be the opening of a new office in Taiwan this year.
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