Tech Company Financing Transactions
STEP Labs Funding Round
On 1/8/2008, STEP Labs raised $6.5 million in Series B funding from Gabriel Venture Partners, Garage Technology Ventures and Individual's Venture Fund.
Transaction Overview
Company Name
Announced On
1/8/2008
Transaction Type
Venture Equity
Amount
$6,500,000
Round
Series B
Investors
Gabriel Venture Partners (Lead Investor) (Scott Chou)
Garage Technology Ventures (William Reichert)
Proceeds Purpose
STEP Labs, today officially launches its flagship voice separation platform, STEPware(tm), to bring next-generation communication applications to market. STEP will use the new funds to expand its acoustic expertise to support its manufacturing partners worldwide in the design of new products and the acceleration of their market introduction.
Company Information
Company Status
Out of Business
Industry
Electronics
Mailing Address
2367 Bering Drive
San Jose, CA 95131
USA
San Jose, CA 95131
USA
Phone
Website
Email Address
Overview
STEP Labs is venture-backed, Silicon Valley-based acoustic software company whose technology produces crystal-clear voice communications even in the noisiest environments. Unlike traditional noise cancelation technologies, STEP's patented technology uses an understanding of the physics of sound wave propagation to isolate voice from ambient noise.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Robert Mitro
Chief Scientific Officer
Jon Taenzer
President
Michael Hickerson
Vice President
Tom Bennett
VP - Bus. Development
David Dobras
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