Dirac Raises Equity to Accelerate Growth in Audio Innovation

Swedish sound processing pioneer Dirac announced the completion of a direct share equity issue that raised $17.73-million USD (150 MSEK) from new investor TIN Fonder and current investor DIG Investment. According to Dirac CEO Peter Friedrichsen, the new equity raise values the company at just under $142.2-million USD and positions Dirac to fully leverage and lead what it believes will be the next great era in audio driven by software rather than hardware alone.