Total amount raised
$1.55 Million
Latest funding date
12/1/2016
Location
Chirp has successfully navigated four funding rounds, attracting a total of eight investors, including notable names like Robert Gall and GQI. The company specializes in using existing speakers and microphones to enable seamless and secure Machine-to-Machine (M2M) communication via sound.
What Is Chirp?
Chirp was a London company that used existing speakers and microphones for Machine-to-Machine (M2M) communication via sound. Sonos acquired Chirp in February 2020 and took on its technology and team. The company operates in various industries, including Audio, Communications Infrastructure, DSP, Enterprise Software, Internet of Things, and Software Engineering.
With a small team of 1-10 employees, Chirp has successfully raised funding over four rounds from eight investors. The company is known for its innovative approach to data transfer, leveraging sound to create frictionless communication between devices.
How Much Funding Has Chirp Raised?
- Round Name: Seed
- Amount Raised: USD 200,000
- Date: December 2011
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial technology and establish a market presence.
- Round Name: Seed
- Amount Raised: USD 200,000
- Date: December 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the technology and expand the team.
- Round Name: Equity Crowdfunding
- Amount Raised: USD 1,150,000
- Date: July 2015
- Lead Investors: GuanQun Investment UK
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To grow into a sustainable, revenue-focused business.
- Round Name: Series Unknown
- Amount Raised: Not publicly disclosed
- Date: December 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and development in enabling frictionless M2M communication.
Total Amount Raised: USD 1,550,000. The December 2016 round amount was never disclosed, so the total covers three of the four rounds.
Current Valuation: Not publicly disclosed
Key Investors
- Robert Gall
- Details: Robert Gall is one of the key investors in Chirp. Specific details about his background are not publicly disclosed.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
- GQI
- Details: GQI is a significant investor in Chirp. Further details about the firm are not publicly disclosed.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
- GuanQun Investment UK
- Details: GuanQun Investment UK is a London-based investment firm. They made a significant investment in Chirp during its equity crowdfunding round.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
What's Next for Chirp?
Chirp was acquired by Sonos in February 2020, and its data-over-sound technology is now part of Sonos's wireless audio platform. Chirp raised no further capital after December 2016 and did not raise again as an independent company.
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