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On Monday, Audioburst announced two new investors that will net the company over $10 million. Dentsu and Hyundai Motor Company are both investing $5 million each and Audioburst plans to build advertising and in-car voice-based experiences with both of them.
Audioburst CEO Amir Hirsh said, “The investments signal an industry acknowledgment for consumer demand of voice-based experiences, and Audioburst’s unmatched ability to deliver that technology. It also provides us the ability to expand and expedite our technology offering, and tap into a larger ecosystem of investors and partners in the car, media, advertising, and technology spaces.”
Today’s investments bring Audioburst’s current funding to $25M. Dentsu and Hyundai join Samsung Ventures, Nippon Broadcasting Inc., and Advanced Media Inc. as investors in the company.