The investment enables Axign to ramp up production of its audio controller IC for streaming audio devices
Amsterdam, 6 October 2017. Innovation Industries announces that it has made an investment in Axign, a Dutch fabless chip supplier serving the worldwide audio markets. The existing investors, Innovation Fund Twente and Innovation Fund Overijssel, will also participate in this investment round. With the equity investment, Axign will ramp-up the volume production of its first audio controller chip, the AX5689. With this device, manufacturers of consumer audio devices can increase the sound quality to premium audio levels at significantly lower cost.
Jeroen Langevoort, Chief Executive Officer of Axign states: “Streaming audio will become the future standard for music reproduction in homes. We believe that our product contributes to this trend in delivering unprecedented sound quality in small cabinets, whilst provide cost saving to the manufacturer. Reactions from consumers are fantastic once they hear music with our solution. It ranges from “unbelievable, open and transparent” to “I never heard such detail, although I listened to this record over and over again”.”
Nard Sintenie, General Partner at Innovation Industries says: “We believe that the technology of Axign will bring the best audio experience at lower cost for consumers in the mainstream market segment. We are excited about leveraging the high-tech network in the Netherlands to enable this unique breakthrough.”
Axign Controller Platform: opportunities for all stakeholders
The Axign Controller platform offers opportunities for both manufacturers in the Pro-Audio markets as in the mid-range to high-end consumer audio markets. The system achievements are second to none in comparison with other audio products on the market. In next generation products, Axign will build on its high audio quality and combining it with increasing functionality to maximize cost savings for audio equipment manufacturers.
Note for the press:
Axign, established in 2014, is a fabless chip supplier serving the worldwide audio markets in consumer and professional audio. Its first product is a breakthrough audio controller chip, that combines benchmark performance with a low bill of materials for audio system manufacturers. The chip is specially suited for active speaker systems in streaming audio devices.
About Innovation Industries
Innovation Industries is a specialist independent hightech VC fund, targeting Dutch companies that are developing commercially promising products and technologies in attractive technology fields like: nano/microtechnologies, semiconductors & integrated photonics, ICT & (cyber) security, clean technology, Food & Agro technology and medical technology (medical devices & diagnostics).
Nard Sintenie, General Partner
 The Innovation Industries Fund is supported by InnovFin Equity, with the financial backing of the European Union under Horizon 2020 Financial Instruments and the European Fund for Strategic Investments (EFSI) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing.