Kleer raises $28M for wireless audio transmission
Kleer, a Cupertino, Calif. company that says it can provide better audio quality with less power consumed for wireless short-range transmission, has raised a large $28 million funding, its second.
Portable media like MP3 players as well as in-home broadcasting are the markets that Kleer is targeting, and the company is also considering international expansion for its devices.
The round was led by TL Ventures and BDC Venture Capital, along with previous investors. The company took $10.5 million in its first capital raise from US Venture Partners and VenGrowth Capital.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.