News

09 April 2014

USA listed company NXP along with Ambient Sound Investments invested 6 million USD in the latter's portfolio company Senseg

USA listed company NXP Semiconductors along with ASI, Finnvera Venture Capital and Caplia Invest invested 6 million US dollars in Ambient Sound Investment's (ASI) portfolio company Senseg. The investment will enable Senseg to bring the first high-fidelity haptic solution for smartphones to the market. 
03 September 2013

Oskando merges with Autolog and creates the leading fleet management company in Northern Europe

Oskando, a fleet management solutions developer that belongs to Ambient Sound Investments (ASI), joins forces with the Danish Autolog, creating the region’s leading fleet management services enterprise. 

09 August 2013

Ambient Sound Investments exits Armorize and sells its stake to Proofpoint

Ambient Sound Investments (ASI) succesfully exited from its investment into Taiwan-based Armorize Technologies, a leading developer of cloud-based anti-malware products. Armorize was acquired by NASDAQ listed Proofpoint, a leading security-as-a-service provider, that focuses on cloud-based solutions for anti-malware. Proofpoint will pay approximately 25 mio USD for 100% of Armorize's shares. 
10 April 2013

Ambient Sounds Investments has sold its stake in Mendeley to the leading global publisher Elsevier

Skype's co-founders' investment company, Ambient Sound Investments (ASI), has sold the stake in Mendeley, collaboration platform for academics, at a profit. Mendeley's new core owner is Elsevier, the world-leading educational publishing company. As per the agreement of the parties, the transaction value will remain confidential.

18 September 2012

Assets of Estonian wireless modem venture Modesat Communications acquired by Xilinx; key exit for Ambient Sound Investments

Skype Co-Founders’ Investment Company Realizes Exit From First Investment; Modesat’s Assets Form Xilinx Estonia, With Employees Based in San Diego and Tallinn.

TALLINN, ESTONIA and SAN DIEGO, CA – Ambient Sound Investments (ASI), the Skype co-founders’ investment fund, together with co-investors the Estonian Development Fund and Caplia Invest, today announced that they have successfully realized the exit of Modesat Communications, certain assets of which were acquired by Xilinx (NASDAW: XLNX), a leader in the programmable logic devices (PLD) sector. The deal entailed the sale of substantially all of Modesat’s assets. Terms of the deal remain undisclosed based on the agreement of the parties.        

10 May 2012

Frenzoo Raises $1 Million to Create 3D Lifestyle Mobile Games for Women

Hong Kong and San Francisco, CA – May 10, 2012 – Frenzoo (www.frenzoo.com), the pioneers of a new class of 3D lifestyle and fashion mobile games, today announced it has received US $1 million in new seed funding from investors based in Asia, Europe and the United States.
Major investors include Efficient Corporate, Siemer Ventures, K5 Ventures and Metaverse Services.
09 January 2012

ASI sold Online Scientific Publisher Versita to De Gruyter

Ambient Sound Investments' (ASI) portfolio company Versita has been acquired by the Berlin-based academic publishing company De Gruyter. Versita's Open Access platform which is one of the largest in the world will be merged with De Gruyter's existing content.
29 November 2011

Senseg named to Time Magazine's ’50 Best Inventors’ list

HELSINKI and CUPERTINO, CA – Senseg, the leader in next-generation haptic technology, today announced that it has been named to Time Magazine’s ’50 Best Inventions’ list in the magazine’s November 28th issue. Senseg’s patented technology enables users of touchscreen devices such as tablet computers to feel tactile sensations on their skin, including textured surfaces, contours and edges. The company’s technology can be integrated into touch interface devices to deliver a new dimension of interactive experiences.

17 October 2011

Wahanda raised a £3.5 million series A funding from Fidelity Growth Partners Europe

Wahanda, an online health and beauty marketplace, has secured a £3.5m Series B investment round led by Fidelity Growth Partners Europe, a pan-European venture and growth equity investor. As part of the deal Davor Hebel, a partner at Fidelity Growth Partners Europe, joins the board of Wahanda.
15 June 2011

Gartner names Senseg as Cool Vendor 2011

HELSINKI, TOKYO, June 15, 2011. Senseg, an industry leader in innovative touchscreen interface solutions, has been awarded the prestigious title of Cool Vendor by world-leading analyst firm Gartner. Vendors selected for inclusion in the Cool Vendor report are providers that ‘have caught Gartner's interest during the past year because they offer innovative and intriguing technologies or solutions’.
27 May 2011

ASI sells its Share in Russian Software Developer

TALLINN, May 27, 2011 - Ambient Sound Investments has sold its minority stake in LogneX, a Moscow-based developer of web-based inventory management software for Russian small- and medium-sized enterprises. The investment generated positive return for ASI.

05 January 2011

The Merger of Oskando and Track24 Creates the Leading GPS Tracking Provider in Estonia

Tallinn, Estonia - January 5, 2011 - Oskando OÜ was the first Estonian company to start developing telematics solutions. It has now acquired a 100% holding in the company Track24 Group OÜ which provides remote vehicle tracking services.

20 November 2010

Wahanda named Best Commerce Startup at the 2010 Techcrunch Europas

London - November 20, 2010 – Wahanda won the prize of Techcrunch Europa Best Commerce Startup. Techcrunch Europas is a series of awards to honour European web and mobile startup companies.

18 November 2010

GuardTime Winner of Red Herring 2010 Top Asia Award

Singapore—November 18, 2010— GuardTime, creator of the patented Keyless Signature™ technology used to validate the world’s data, in conjunction with Red Herring, today announced its selection as a recipient of the Top 100 Asia Award. The Top 100 Asia Award is in recognition of the leading private companies from Asia, celebrating a startup’s innovations and technologies across their respective industries.
15 November 2010

GuardTime and Joyent Introduce Enhanced Trust and Integrity in the Cloud

Singapore and San Francisco, CA—November 15, 2010— Joyent, a leading global provider of cloud computing solutions, and GuardTime, creator of the patented Keyless Signature technology used to validate the world’s data, today announced a partnership that delivers unprecedented security enabling enterprises to safeguard some of their most valuable assets in the cloud: code, logs and data.
27 October 2010

Modesat Communications raised EUR 1,85M in series A funding

Tallinn, Estonia - October 27, 2010 – Ambient Sound Investments, Estonian Development Fund and Bellus invested altogether 1,85 million Euros into ASI’s portfolio company Modesat.

18 August 2010

Mendeley Hires Spotify’s Paul Brown as Chief Operating Officer

LONDON – August 18, 2010 – Mendeley, a rapidly growing media technology startup that provides the world’s largest research collaboration platform, is delighted to announce that Paul Brown will join the team as Chief Operating Officer, a newly created position, effective September 6, 2010. He comes to Mendeley from Spotify, a startup that is making waves in the digital music industry, where he most recently served as Senior Vice President of Strategic Partnerships. 

27 May 2010

ASI to judge at Innovate!2010 Pitch Slam in Tallinn

ASI is excited to have partnered with Guidewire Group on the Innovate!2010 Pitch Slam for Tallinn on June 2. 
25 May 2010

GuardTime Raises $8 Million in Series A Funding

MOUNTAIN VIEW, SINGAPORE, TALLINN (May 25, 2010) — GuardTime, the provable integrity company, today announced that it raised $8 million in series A funding to help roll out its global infrastructure for delivering its provable data integrity service.
20 May 2010

Blip.tv raises $10.1 million in funding

New York NY - May 19, 2010 -- Next generation television network blip.tv today announced the closing of its third round of institutional capital, led by Canaan Partners and existing investors Bain Capital Ventures. The company will use its new funding to accelerate the growth of the independent Web shows that blip.tv hosts and distributes, expand its content services team, continue to grow its international advertising sales force and develop new products for viewers and producers.
14 April 2010

Rendering Accelerator Progeniq Receives Series A Financing

April 12th, 2010 – Sunnyvale, CA / Singapore – Progeniq, a leading provider of acceleration solutions for the animations and visual effects industries, today announced the closing of its Series A financing round led by BAF Spectrum, Ambient Sound Investments and SPRING SEEDS Capital. William Klippgen, Executive Director of BAF Spectrum and Indrek Jaaska, Investment Manager, will both join the board of directors. William Klippgen will take on the role as Executive Chairman. Mr. Klippgen was the co-founder of European internet success Kelkoo.com and has a wide-ranging experience from emerging technology companies in Europe and Asia.

03 December 2009

targetAPI Launches Next-Generation Behavioral Targeting Solution

New York, New York – December 2, 2009 – targetAPI, an incubator project of investment company Ambient Sound Investments, has launched its next-generation business-to-business behavioral targeting solution. The service, available through an API (Application Programming Interface), is based on the companys predictive personalization technology. targetAPIs solution predicts a user's interests in real time through an automated semantic analysis of publicly available information on the web, requiring minimal or no input from the user. 

16 June 2009

Armorize Technologies Secures Financing For Worldwide Business Development

Tallinn, Estonia, Santa Clara CA, USA, Taipei Taiwan, 16 June 2009 -- Leading Web application security provider Armorize Technologies has secured Up-Round Series-B financing.  High profile investors include European Ambient Sound Investments (ASI), Pacific-Rim focused Birch Venture Capital, and Silicon-Valley based Armorize Series-A investors.  The Series-B funds will drive business development, sales and marketing efforts worldwide.  

12 June 2009

United Dogs secures 480 000 EUR funding for expansion

Tallinn, Estonia --12 June 2009 -- Makers of Uniteddogs and Unitedcats, the Estonia-based United Dogs and Cats Ltd (UDC), received an investment of 480 000 EUR. The investment was made jointly by 3 parties – the state-owned Estonian Development Fund, Ambient Sound Investments (ASI) - an investment group led by the founding engineers of Skype, and a private entrepreneur with a web background in the Baltic region, Mr Raivo Hein.
05 June 2009

DailyPerfect Launches Predictive News Site

Tallinn, Estonia – June 5, 2009 – DailyPerfect, an incubator project of investment company Ambient Sound Investments, has launched its flagship news service Dailyperfect.com. The service is based on the company’s predictive personalization technology and showcases an innovative behavioral targeting solution that predicts a user's interests through an automated semantic analysis of publicly available information on the web, requiring minimal or no input from the user.
05 May 2009

ASI invests in Kublax, the online platform for personal money management

Ambient Sound Investments (ASI) has announced its investment in Kublax, a free and secure online tool for personal money management. Following a successful beta test period, Kublax today announced its official launch backed by additional funding from major online investors, and the appointment of a new CEO, Tom Symonds.

26 February 2009

Research Collaboration Start-up Mendeley Closes Financing Round

London, February  26, 2009 – Mendeley, a developer of a groundbreaking free platform for managing and sharing research papers, today announced it has closed its first financing round led by former Last.fm Executive Chairman Stefan Glänzer, former Executive Vice President of Digital Strategy and Business Development for Warner Music Group, Alejandro (Alex) Zubillaga, and ASI.
09 December 2008

Idapted Secures Funding from Gobi Partners, ASI and Leading Angel Investors

Beijing, December 1, 2008 – Idapted Ltd., a leading provider of live on-demand Mandarin and English language training, today announced the closing of its Series A financing with Gobi Partners and Ambient Sound Investments (ASI) leading the round.

01 October 2008

Unique Beauty, Spa and Wellness Website Opened by Wahanda

London, October 1 2008 – October sees the launch of a revolutionary new health, beauty and wellbeing website Wahanda. Until now, there hasn’t been a site where consumers can connect with such a wide range of spas, salons, fitness centres and therapists, discover the latest treatments, be inspired by community ratings and reviews, and find the ultimate pamper experience all on one fresh, clean and easy-to-use website.
25 September 2008

ASI Exits Kindo to Become a Shareholder in MyHeritage

Tallinn, Estonia and London, England – September 24, 2008 – Ambient Sound Investments (ASI) reached its first exit deal when MyHeritage, one of the world's most popular family websites, acquired Kindo, an ASI portfolio company that helps users build free family trees. As a result of an all-stock arrangement, ASI is to obtain an undisclosed equity stake in MyHeritage.

03 September 2008

Former Energy Executive Joins ASI as Head of Private Equity Investments

TALLINN, September 3, 2008 – Ambient Sound Investments (ASI) has hired Margus Uudam, the former CEO of the electricity distribution arm of Estonia’s energy utility, to head its private equity investments. In his new position, Uudam will build a strong international investment team that will manage ASI’s investments in the technology sector and other areas.
11 August 2008

ASI Backs Handheld Component Maker AirDio with 200,000 Euros

Taiwan, August 11, 2008 – Ambient Sound Investments (ASI), the investment firm established by the former founding engineers of Skype, has invested 200,000 euros in return for a 14 percent stake in AirDio Wireless, a developer of tiny wireless networking components that reduce the size of handhelds such as smartphones and mobile internet devices.
22 July 2008

Veteran executive takes helm of Modesat

Tallinn, 22 July 2008 – Peep Põldsamm, an entrepreneur and executive with longstanding experience, has become the new CEO of Modesat, a technology firm exploring new wireless communications technologies. Modesat’s core investor is Ambient Sound Investments (ASI), an investment firm owned by the Estonian co-founders of Skype.
11 July 2008

ASI invested in Wahanda, an online wellness ecosystem

ASI has formally announced an investment in UK-based online wellness marketplace, Wahanda.
26 June 2008

ASI Invests In Drimki to Revolutionize the Online Property Marketplace

Tallinn, June 26, 2008 – Ambient Sound Investments (ASI) announces its seed investment in Drimki, a Paris-based company with a new online real estate platform targeted at residential real estate consumers and sellers. The amount of the investment is not disclosed.
19 May 2008

ASI Invests in Senseg’s New Touch Interface Technology

Helsinki, May 19, 2008 – The investment groups Ambient Sound Investments (ASI) and Seed Fund Vera make an equity investment in Senseg, a Finnish company developing a breakthrough touch interface technology. The sum of the investment remains undisclosed.
24 April 2008

Skype and Rate.ee co-founders invest in programmer performance metrics inventors

Tallinn, April 24, 2008 – SourceKibitzer, a start-up that has invented unique metrics and performance indicators for software teams, will receive an investment of 200,000 EUR from Ambient Sound Investments (ASI) and Serenda Estonia.
15 April 2008

Pet Owner’s Social Network Secures Additional Funding from ASI

Tallinn, April 16, 2008 – The social networking websites for pet owners Uniteddogs.com and Unitedcats.com receive additional 235,000 USD to expand the reach of the service from the investment group Ambient Sound Investments (ASI), the investment group established by the co-founding engineers of Skype.
17 March 2008

ASI Invests in Online Scientific Publisher Versita

Warsaw, March 17, 2008 – The investment group Ambient Sound Investments (ASI) has announced a 400000 Euro investment in an online publisher Versita. The fast growing Polish venture is seeking to become the leading scientific online publisher and electronic publishing technology provider in Central and Eastern Europe.
20 February 2008

ASI to invest in Russian E-warehouse Service LogneX

Tallinn, February 20, 2008 – The investment group Ambient Sound Investments (ASI) has acquired shares in a Russian company LogneX that will introduce an online inventory management service MoySklad to small and medium businesses in Russia and other Russian speaking countries.
07 February 2008

Kindo Secures Additional Seed Funding From Skype's Founding Engineers

LONDON —February 7, 2008— Kindo today announced funding from Ambient Sound Investments (ASI), adding experience to an already impressive list of seed investors. The Estonian investment company will provide financial and advisory support for the fast-growing family network, and will help to grow Kindo's global footprint.
06 February 2008

Flowplay secures funding from Intel Capital, Ambient Sound Investments and leading angel investors

SEATTLE, WA – February 6, 2008 – FlowPlay, Inc., a developer of community oriented casual gaming technology, today announced the closing of its Series A financing with Intel Capital and Ambient Sound Investments (ASI) leading the round. Other investors include Ben Feingold, former president of Worldwide Home Entertainment at Sony Pictures and Michael Schutzler, former SVP of Games at RealNetworks, who will continue in his role as a board member. The financing round, totaling approximately $3.7 million, will be used to complete and launch FlowPlay’s first consumer entertainment property, aggregating popular online casual games in a virtual environment.
30 January 2008

ASI invests in clinical research company EGeen

Tallinn, January 30, 2008 – The investment group Ambient Sound Investments (ASI) has acquired a stake in EGeen – a clinical research company that conducts clinical trials of drugs for American and European clients.
24 October 2007

Oskando aquires a significant share in software development company Median SD

Tallinn, October 24, 2007 -- Estonia’s leading telematics company Oskando has obtained a significant share of the software development company Median SD Ltd. Oskando is continuing its expansion in the vehicle and equipment management and tracking solutions segment.
17 October 2007

Pet owners’ social networking sites funded by Skype Co-Founders

Tallinn, October 18, 2007 – Social networking websites for pet owners Uniteddogs.com and Unitedcats.com receive funding from Ambient Sound Investments (ASI), the investment group established by the co-founding engineers of Skype. Also the launch of four new language versions of both websites is announced.
05 June 2007

Blip.tv Closes Second Round of Funding Led by Skype Founders’ VC Fund

New York, NY - June 5, 2007 - Blip.tv, the video sharing site focused on independently produced shows, today announces the closing of its series B financing and its first venture capital investors. The round was led by Ambient Sound Investments (ASI), the venture capital fund established by the four founding engineers of Skype.
28 May 2007

Skype co-founders invest in Asian 3D social networking company

HONG KONG May 28, 2007 – Ambient Sound Investments (ASI), established by the four co-founding engineers of internet telephony software company Skype, will acquire a stake as part of a Series A funding round in 3D social networking company Frenzoo, to bring to market an exciting new online experience across the region.
10 May 2007

ASI and other investors back GuardTime with 1,35 MUSD

Tallinn, May 10, 2007 – Ambient Sound Investments (ASI), the investment group established by four founding engineers of Skype leads the second investment round to Estonian-based digital stamp service developer GuardTime after establishing the company with experienced Estonian information security experts in October 2006.
26 March 2007

Oskando acquires 20% position in Eurosat Group

TALLINN, March 26 2007 – Telematics company Oskando announces its first technology investment, acquiring a 20 percent stake in GPS solutions provider Eurosat Group, an Estonian company with over a hundred business clients.
10 January 2007

Celecure Receives 1.6MEUR from four founders of Skype

Tallinn, January 10, 2007 – Investment group Ambient Sound Investments (ASI) has agreed to invest 1.6 million euros in Estonian biotechnology drug developer Celecure to accelerate the international breakthrough of its projects.
19 December 2006

ASI Acquires a Stake in E-purchasing System MarkIT

Tallinn, Estonia. December 19, 2006 – Investment Group Ambient Sound Investments (ASI) has agreed to invest 2 million Euros in an Estonian IT company MarkIT to fuel the development of their novel e-purchasing system and expansion to five new Central and Eastern European markets.
27 November 2006

Ülle Kivirähk joins Oskando

TALLINN, November 27, 2006 – Starting from next year the former Managing Director of Ordi Ülle Kivirähk will take up the position of CEO at Oskando. Current CEO Indrek Hirvlaan will remain responsible for product development and partnership relations.
06 November 2006

ASI Launches Estonian Instrumentation Company to the Global Market

Tallinn, November 7, 2006 – Investment Group Ambient Sound Investments (ASI) invests 1,5 million EEK to take Estonian manufacturer of electronic measurement instruments Evikon MCI to the global market. Evikon MCI develops sensor-based measurement devices and systems with a growing demand in the international market.
10 October 2006

ASI invests in developing time stamp technology

Tallinn, October 30, 2006 – Experienced Estonian information security experts Märt Saarepera, Ahto Buldas and Ambient Sound Investments (ASI) established a joint company GuardTime which will develop technology for checking the data and date integrity of digitally archived content.
18 July 2006

Lithuanian Telemetry Start-up Attracts Investment, Announces Partnership

VILNIUS, LITHUANIA, July 18, 2006 – Two Estonian investment groups have purchased a majority stake in Connecty, a Lithuanian start-up that provides remote monitoring and control solutions, for an undisclosed sum.
23 May 2006

ASI Buys Stake in Modesat Communications

TALLINN, May 23, 2006 – The Ambient Sound Investments group has invested 500,000 euros to buy a third of Modesat Communications, an Estonian developer of radio communications technology. When commercialized, Modesat’s research will help improve the energy efficiency of communications devices while increasing their effective bandwidth and coverage area.
10 April 2006

ASI aquires majority stake in Estonian telematics firm

TALLINN, April 10, 2006 – Estonian investment group Ambient Sound Investments has announced its second technology investment, purchasing a 42 percent stake in Oskando, a Tallinn-based telematics solutions provider. Combined with ASI founders’ previous presence in Oskando, the 200,000 euro deal brings ASI’s stake to 57 percent.
23 March 2006

ASI invests in semiconductor maker

TALLINN, March 27, 2006 – Estonian investment firm Ambient Sound Investments (ASI) has announced a $2 million injection in Clifton, an Estonian start-up which plans to mass-produce heat-resistant low-cost semiconductor switches for the electronics industry.