Investments For Hearables Surge
These days the hardware you put in your ear can do much more than just play music.
Although new technologies are just coming to market, the earworn wearables sector has companies developing products that change the way people perceive devices worn in and around the ear — and it’s projected to be a $5 billion market by 2018.
According to CrunchBase data, nine VC-funded and crowdfunded “hearable” companies captured nearly $52 million since 2009. And some of the biggest names specializing in music entertainment and sound engineering (like Live Nation Entertainment’s investment in Doppler Labs) are joining the chorus of support for this emerging technology sector.