STEP Labs Raises Series B

STEP Labs, a San Jose, Calif.-based provider of voice separation technology and acoustic design services, has raised $6.5 million in Series B funding. Gabriel Venture Partners led the round, and was joined by Individuals' Venture Fund, Garage Technology Ventures, Garage Canada and individual angels.

PRESS RELEASE

STEP Labs, a leading provider of advanced voice separation technology and acoustic design services, today announced that it received $6.5 million in Series B funding, led by Gabriel Venture Partners and supported by Individuals' Venture Fund, Garage Technology Ventures, Garage Canada, and private investors.

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.

“STEP's patented acoustic technology is a giant leap forward in voice recognition,” said Scott Chou, partner at Gabriel Venture Partners. “STEP surpasses any technology out there today in noise elimination at very high decibels, maintaining voice fidelity – which means when you talk on a STEP-enabled Bluetooth device, your voice is always clear and natural.”

STEP Labs develops and licenses advanced voice separation technology and acoustic design services to manufacturers. Bluetooth headsets enabled with STEPware allow clear, consistent voice communications in even the most severe, high-decibel noise environments – such as a rock concert or a tradeshow. STEPware-enabled devices also make human-to-machine communications clear and concise, enabling near-perfect speech recognition in any noise environment.

“This second round of funding is a vote of confidence for STEP Labs' patented voice separation platform,” said Robert F. Mitro, CEO of STEP Labs. “After years of development, STEP Labs is taking STEPware to the wider market via our customers and manufacturing partners, and we already have three exciting consumer products being introduced to the market this month.”

Working with leading global manufacturers, STEP Labs is designing some of the industry's most advanced hands-free products, including Bluetooth headsets, stereo headphones, helmets and eyewear.

About STEP Labs

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. This approach offers a broad applicability to a wide range of wireless telecommunications and consumer electronic devices. For more visit, www.step-labs.com.