USound Raises $30M to Ramp Manufacturing of Second-Generation MEMS Technology
USound, the Austria-based developer and manufacturer of micro-electromechanical systems (MEMS) speakers for personal devices and wearable technology, announced that it has raised $30 million USD (€25 million EUR) to move into mass production of its second generation MEMS devices, with commitments from several global companies. The investment will ensure that USound will be in a position to build a stable supply chain to meet growing demand for its second-generation MEMS technology.