About InSound Medical
InSound Medical is a company based in Newark (United States) founded in 2003 was acquired by Sonova in January 2010.. InSound Medical has raised $13.88 million across 2 funding rounds from investors including Sonova, De Novo Ventures and CMEA Capital. The company has 47 employees as of December 31, 2022. InSound Medical offers products and services including Lyric, Audéo R, and Audéo Sphere. InSound Medical operates in a competitive market with competitors including ReSound, Amplifon, Eargo, WS Audiology and Widex, among others.
- Headquarter Newark, United States
- Employees 47 as on 31 Dec, 2022
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Sectors
HealthcareTechnology
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Phone
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Website
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Social
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- Legal Name Insound Medical Inc
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Products & Services of InSound Medical
InSound Medical offers a comprehensive portfolio of products and services, including Lyric, Audéo R, and Audéo Sphere. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Invisible device for 24/7 wear providing natural sound and tinnitus relief.
Advanced hearing solution for everyday sound amplification and connectivity.
Hearing aid offering enhanced sound processing for improved daily interactions.
Funding Insights of InSound Medical
InSound Medical has successfully raised a total of $13.88M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $2.88 million completed in September 2009. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $2.9M
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First Round
First Round
(27 Feb 2008)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2009 | Amount | Series A - InSound Medical | Valuation |
investors |
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| Feb, 2008 | Amount | Series A - InSound Medical | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in InSound Medical
InSound Medical has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Sonova, De Novo Ventures and CMEA Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm backed by Johnson & Johnson
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by InSound Medical
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - InSound Medical
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Insound Medical Comparisons
Competitors of InSound Medical
InSound Medical operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ReSound, Amplifon, Eargo, WS Audiology and Widex, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Smart hearing aids are supplied for people with hearing impairments.
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Hearing aids and accessories are manufactured, distributed, and retailed.
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| domain | founded_year | HQ Location |
Hearing aids are supplied for individuals with hearing disabilities.
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| domain | founded_year | HQ Location |
Hearing loss treatment devices are developed by WS Audiology.
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| domain | founded_year | HQ Location |
Hearing aids are developed for unique conditions with enhanced amplification.
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| domain | founded_year | HQ Location |
Developer and manufacturer of hearing aids
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about InSound Medical
When was InSound Medical founded?
InSound Medical was founded in 2003 and raised its 1st funding round 5 years after it was founded.
Where is InSound Medical located?
InSound Medical is headquartered in Newark, United States. It is registered at Newark, New Jersey, United States.
Is InSound Medical a funded company?
InSound Medical is a funded company, having raised a total of $13.88M across 2 funding rounds to date. The company's 1st funding round was a Series A of $11M, raised on Feb 27, 2008.
How many employees does InSound Medical have?
As of Dec 31, 2022, the latest employee count at InSound Medical is 47.
What does InSound Medical do?
InSound Medical was founded in 2003 in Newark, United States, within the medical devices sector focused on hearing aid innovations. The companys primary operations involved the creation of the first extended-wear hearing system, which was positioned deep in the ear canal for complete invisibility from the outside. This technology was commercialized under the Lyric brand. The firm was acquired by Sonova in 2010, concluding its independent activities.
Who are the top competitors of InSound Medical?
InSound Medical's top competitors include WS Audiology, Eargo and Widex.
What products or services does InSound Medical offer?
InSound Medical offers Lyric, Audéo R, and Audéo Sphere.
Who are InSound Medical's investors?
InSound Medical has 4 investors. Key investors include Sonova, De Novo Ventures, CMEA Capital, and Johnson & Johnson Innovation – JJDC.