PALO ALTO, Calif.--(BUSINESS WIRE)--Libre Wireless Technologies, Inc. a leading embedded Wireless Voice/AI solutions provider, today announced the closing of new financing that will fund the company’s growing product line, support expanding customer engagements and operational growth. This capital infusion will be especially targeted for the new “MAVID” device (Multiprotocol, Audio, Voice, IoT Device) and software SDK, and now this super compact, ultra-low power mic-to-cloud platform supports the Alexa Voice Service (AVS).
Along with the financing, Libre is restructuring under the leadership of Jordan Watters, newly named CEO. The changes are oriented around fast development execution and closer customer support with a focus on local presence, scalability and time-to-market in the traditional CE segments as well as increased focus on broader IoT applications where connectivity, security and cloud technology all come together.
“We are excited to be a part of the Libre family and about these changes and the improvements they will deliver” says CEO Harry Wang at Linear Capital. “The opportunity in this space is tremendous and we believe Libre’s technology and solutions can play a unique role in the future of voice and AI in markets world wide.”
“The fruitful cooperation between Libre Wireless and DSP Group has already resulted in the introduction of innovative VUI solutions, and we are looking forward to enhance our partnership in delivering best in class solutions to our customers,” says Yosi Brosh, CVP SmartVoice in DSP Group. “We are especially excited about the innovative new Libre MAVID voice platform featuring DSP Group voice technology delivering the smallest form-factor and lowest power consumption in the industry.”
“Voice, connectivity and intelligent devices are at the center of today’s technology revolution, and Libre is in the center of that storm,” says Jordan Watters, Chief Executive Officer at Libre Wireless Technologies. “Our new structure and capital will enable faster execution and improved resources to ensure better customer support and confidence. With industry leading unique embedded voice hardware and software solutions, strong and committed financing partners, compelling tier 1 technology partnerships and lead position with ecosystem giants, Libre is positioned for strong growth and an exciting future.”
About Libre Wireless Technologies, Inc.
Libre Wireless Technologies has extensive expertise in developing WiFi/Wireless technologies for IoT, media streaming, voice interface/control and AI applications. Libre delivers comprehensive hardware and software SDK platforms that are scalable across ecosystems, features, power and price. Libre offers a range of approved and certified electronic modules along with RF/antenna design solutions and extensive software that manages virtually all aspects of system, voice and connectivity features. The Libre team has deep WiFi/BT technology, IoT and A/V system design experience combined with world wide sales, technical support and design partnerships. The Libre platforms incorporate unique media streaming technology, scalable mic-to-cloud voice processing modules, broad mobile platform ecosystem support, seamless interoperability, scalable price/performance solutions and flexible WiFi/Bluetooth/Zigbee/DECT options. Optimized for performance, power, size and cost, the Libre Wireless solutions provide ODM’s and CE Brand customers with the most complete, flexible and ecosystem leading technology available.