# Audinate Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/audinate-group

- Industry: Electronics
- Headquarters: Australia
- Website: www.audinate.com
- Total disclosed funding: $3.6M
- Latest round: Series A (Apr 17, 2008)
- Investors on record: 3

## About

Audinate Group Limited specializes in audio and video networking technologies, offering advanced solutions for transmitting high-quality digital signals over standard networks, enhancing connectivity for various industry applications.Founded in 2006 in Australia, Audinate Group Limited is known for its innovative Dante technology that revolutionizes audio and video transmission. The company was co-founded by Aidan Williams, who has a background in audio engineering. Audinate has participated in 5 funding deals, most recently on June 6, 2019, raising AUD 20 million through a Private Placement/Follow on, bringing the total amount raised to AUD 20 million.Audinate's core offering is its Dante technology, which revolutionizes audio and video connectivity by utilizing a computer network to transmit high-quality digital signals. This system effectively replaces traditional audio and video connections, enabling the seamless transfer of hundreds of audio channels and video over standard Ethernet cables while maintaining perfect digital fidelity. The product is widely adopted across various industries, including live sound, broadcast, and commercial installations, with over 4,000 products from more than 600 manufacturers integrating Dante technology. The company serves a diverse client base that includes audio and video equipment manufacturers, system integrators, and end-users in markets worldwide, notably in North America, Europe, and Asia-Pacific regions. Released initially in the early 2000s, Dante has since established itself as the de facto standard for modern audiovisual connectivity, catering to a range of applications from live events to permanent installations in educational and corporate environments.Audinate generates revenue primarily through the licensing of its Dante technology to manufacturers, alongside direct sales and partnerships with various industry stakeholders. For the most recent year, 2023, Audinate reported revenue of AUD 46,930,911 and an EBITDA of AUD 7,414,786. The transaction structure typically involves B2B arrangements where manufacturers integrate Dante into their products. Revenue is also supplemented through training and support services provided to clients to ensure optimal implementation and use of Dante products. The company's focus on expanding its footprint in the global AV market underpins its revenue strategy, aiming to capitalize on the growing demand for high-quality, reliable audio and video transmission solutions.Audinate Group Limited plans to leverage recent funding to enhance its product offerings, focusing on expanding the capabilities of its Dante technology. The company is targeting additional market segments and geographic regions, particularly in North America and Asia-Pacific, by mid-2024. The AUD 20 million raised in 2019 will support these initiatives, alongside efforts to strengthen partnerships with industry manufacturers and increase its market presence.

## Funding rounds

- Series A, Apr 17, 2008, $3.6M — Starfish Ventures, Innovation Capital, National Insurance Producer Registry

## Investors

- Starfish Ventures (https://capitalatlas.ai/funds/starfish-ventures) — Series A
- Innovation Capital — Series A
- National Insurance Producer Registry — Series A