Eversound, the smart audio technology provider for older adults, has announced the closing of a seed round to the tune of $3 million from such notable venture capital firms as Shelter Group, Red Bear Angels, and 10X Ventures. This funding will go towards an expansion that will see Eversound’s technology integrated with several of the largest senior living providers in the country. The need for more comprehensive hearing loss technology is more than obvious. 60 million people worldwide have some degree of hearing loss, and the current production of hearing aids meets less than 10% of the global need, because of everything from high cost to inconvenient sizes. Eversound is hoping to be a new standard in the hearing assistance game. With seven notable senior living programs set to integrate their technology at some point in the future, the potential for a national sound distribution network is more possible than ever. Particularly with this level of funding being dolled out to solve the problem.
