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Grishin Robotics invests in Californian startup to “create a fresh approach to music”

February 3 Boombotix, a San Francisco-based startup developing audio hardware and software, announced a $4 million strategic investment from existing and new investors. Among them is Grishin Robotics, a venture fund launched in 2012 by Mail.ru Group’s CEO Dmitry Grishin.

The US startup claims to be “developing the highest-quality audio hardware and software products.” The investment will enable it to expand its presence in the market and to “create a fresh approach to how people enjoy their music.”

Since launching in 2010, Boombotix has shipped a line of speakers called Boombots, which it presents as an extension to smartphones. “The technologies we are developing are going to continue making mobile audio more accessible and less invasive than ever,” said the startup’s CEO Lief Storer.

At the end of the 2013, Boombotix launched a mobile app called SYNC on iOS that synchronizes audio content on 4G/LTE networks. This technology allows users to create synchronized peer-to-peer listening over mobile.

Grishin Robotics’ latest investment went to Petnet, a Los Angeles based startup that develops connected pet devices. 

2014-02-10, East West Digital News.


Keywords: software, investment, startups, Grishin Robotics, funding

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