About Sonic
Sonic is a company based in Somerset (United States) founded in 1996 by Thomas Stockham and Douglas Chabries. It operates as a Direct-to-Consumer (D2C), and Reseller / Distribution. The company has 6,953 employees as of December 31, 2021. Sonic has completed 1 acquisition, including Jukefly. Sonic offers products and services including Radiant Hearing Aids and Hearing Accessories. Sonic operates in a competitive market with competitors including ReSound, Olive Union, Phonak, Amplifon and Oticon, among others.
- Headquarter Somerset, United States
- Employees 6953 as on 31 Dec, 2021
- Founders Thomas Stockham, Douglas Chabries
- Stage Public
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Sectors
HealthcareTechnology
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Email
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Phone
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Website
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Social
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- Legal Name Sonic Innovations, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
6953
as on Dec 31, 2021
- Investments & Acquisitions
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Products & Services of Sonic
Sonic offers a comprehensive portfolio of products and services, including Radiant Hearing Aids and Hearing Accessories. 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.
Advanced hearing aids designed for natural sound clarity.
Supportive accessories provided for enhanced hearing aid functionality.
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Funding Insights of Sonic
| 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 |
Investments & Acquisitions by Sonic
Sonic has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Jukefly. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Limited details on core activities are available for Jukefly.
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Sonic
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Sonic Comparisons
Competitors of Sonic
Sonic 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, Olive Union, Phonak, Amplifon and Oticon, 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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| domain | founded_year | HQ Location |
Personal sound amplifying products are provided for hearing enhancement.
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| domain | founded_year | HQ Location |
Hearing aids, cochlear implants, and wireless systems are developed online.
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| domain | founded_year | HQ Location |
Hearing aids and accessories are manufactured, distributed, and retailed.
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| domain | founded_year | HQ Location |
Developer and manufacturer of hearing aids
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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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| domain | founded_year | HQ Location |
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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| domain | founded_year | HQ Location |
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 Sonic
When was Sonic founded?
Sonic was founded in 1996.
Where is Sonic located?
Sonic is headquartered in Somerset, United States.
How many employees does Sonic have?
As of Dec 31, 2021, the latest employee count at Sonic is 6,953.
What does Sonic do?
Sonic Innovations, Inc. is engaged in the development and distribution of hearing aids and related accessories. The company operates within the healthcare sector, specializing in medical devices aimed at improving auditory experiences. Solutions offered include the Radiant family of hearing aids, designed for natural sound and speech understanding in noisy environments. Emphasis is placed on simplicity and style in product design. Sonic serves customers globally through its headquarters in the USA and an international office in Switzerland, ensuring accessibility to hearing solutions.
What products or services does Sonic offer?
Sonic offers Radiant Hearing Aids and Hearing Accessories.
How many acquisitions has Sonic made?
Sonic has made 1 acquisition, including Jukefly.
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