LISNR Lands Intel Capital and $10M Series B

Portfolio company LISNR, the creator of SmartTones, a new communications protocol that sends data over audio, has announced $10M in Series B financing in a round led by Intel Capital. Other participating investors include Courtside Ventures, Mercury Ventures, Jump Capital and R/GA Ventures. It’s the latest development in what’s been a year of milestones for LISNR.

“We’ve earned huge industry awards and launched exciting client partnerships over the past few months,” said Rodney Williams, CEO of LISNR, in a news release. “Customers and users are realizing the benefits of our technology, which transforms any object or media into a beacon capable of sending video, data and messages to any device. This unlocks second screen experiences and mobile-to-mobile connections and creates a new level of customer and peer-to-peer mobile engagement. This round of funding is all about adding fuel to the momentum we’ve built in the market.”

LISNR technology uses proprietary inaudible sound waves to connect devices. Think of it as an audio version of Bluetooth, except LISNR requires no hardware or maintenance and very little CPU/battery use. Because LISNR uses sound you can’t hear, it leverages the network of audio that’s everywhere around us, something Williams refers to as a “speakernet” or “Internet of Sound.”

“Anywhere there is a speaker or has the ability to broadcast audio, LISNR has the ability to to turn that object or media into a data transmitting medium,” said Williams.

“Our investment in LISNR is the latest investment from Intel Capital’s Diversity Fund, which was announced earlier this year,” said Lisa M. Lambert, managing director and vice president of Intel Capital. “LISNR’s innovative technology solutions work seamlessly across physical and digital spaces and provide compelling use cases around location-based and connected services. Not only does LISNR’s technology align with our focus on new devices and the Internet of Things initiatives, but its team represents the next generation of diverse and talented entrepreneurs that are solving the needs of a diverse public and shaping the innovations of tomorrow.”

According to its portfolio map, this is Intel Capital’s second investment in an Ohio company.

Read the full release here.

StreamSpot Partners with Vimeo

Portfolio company Streamspot, an all-inclusive live and on-demand streaming provider for Houses of Worship and event-based organizations, announces it will now offer instant Vimeo integration to its customers. Vimeo, a popular sharing website in which users can upload, share and view videos, has recently named StreamSpot a “preferred publisher.

StreamSpot’s customers can now enjoy 1-click integration or automatic integration, easily syndicating archives to Vimeo directly from their MyStreamSpot portal. First offered to a small subset of customers as a beta, the instant Vimeo integration feature is now offered to all StreamSpot customers.

“We’re honored to work with Vimeo to provide integration options to our customers,” said Brian Duerring, co-founder & CEO of StreamSpot. “Vimeo is well-known and respected for providing exceptional video delivery solutions. We are excited to offer Vimeo integration to our broadcasters to give them another channel to deliver their content.”

“Vimeo has long been the video platform of choice for leading churches, synagogues, and other event-based organizations due to our powerful feature set, HD video playback and uncluttered, ad-free environment,” said Mike Weissman, GM of Platform at Vimeo. “We are excited to have StreamSpot add easy publishing to Vimeo and look forward to working together to improve customer experiences.”

Assurex Health Tests 200,000th Patient

Assurex Health has announced its GeneSight® test now has been used to help more than 200,000 people on the road to mental wellness. It’s a particularly notable milestone because of the speed at which it happened.

“Last August we celebrated the milestone that 100,000 people had taken the GeneSight test,” said Assurex Health President and CEO Virginia C. Drosos in a news release. “In just over one year, GeneSight tests have been administered to 100,000 more people, which signifies its wide acceptance by psychiatric healthcare professionals across the country. Our entire team is very proud.”

A recent study, published in Current Medical Research & Opinion, demonstrated $1,036 in annual prescription savings per patient when healthcare providers used the GeneSight combinatorial pharmacogenomic (CPGxTM) test results to guide treatment decisions compared with usual trial-and-error prescribing. CPGx is the evaluation of multiple genetic factors that influence an individual’s response to medications.

3 Portfolio Companies, 3 National Media Mentions, 1 Day

May 13 turned out to be a big day for CincyTech portfolio companies in the national media.

LISNR CEO and co-founder Rodney Williams was up early to to talk about LISNR’s Smart Tone technology on CNBC’s Squawk Box. Watch it here.

Ahalogy‘s $8m funding raise and impressive new team additions were announced in a Fortune Magazine article about the beginning of the monetization of Pinterest. Read it here.

And BlackbookHR founder Chris Ostoich’s article about attracting and engaging millenials in the workplace ran in Forbes. Read it here.


The CNBC Disruptor 50 is a list of “private startups that are revolutionizing the business landscape”… innovators that “may be tomorrow’s Wall Street highfliers.”

It’s a list that includes SpaceX, Uber, Airbnb, Dropbox, and at #12, our portfolio company LISNR. It’s sandwiched between home remodeling platform Houzz and Docusign.

Congratulations to CEO/co-founder Rodney Williams and the LISNR team!

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