GSOUND Creator Axwave Announces Additional $400,000 Seed Round Just Two Weeks After Initial Product Launch

PALO ALTO, CA--(Marketwired - Jul 9, 2013) - Axwave Inc., creator of GSOUND, the newest, most innovative mobile app to bring people closer to the movies, music and TV shows they love, today announced an increase in its seed round of funding by $400,000.

The funding, which comes just two weeks after the launch of the iOS beta version of its GSOUND app, will enable Axwave to focus on enhancing GSOUND. The round was led by angel investors.

This $400,000 in additional financing brings the total company funds raised to $800,000, which also includes original investments from the founders.

"We've had an incredibly busy quarter," said Axwave CEO Damián A. Scavo. "In addition to the positive reception we've received from beta users of GSOUND, we are now working in new features of the app, increasing the database of movies, music and TV shows significantly. Additionally, we're already working on the iOS 7 version. The additional funding will be used to keep the app free, increase the database, improve the technology and add new important features. We're fortunate to have a team of staff and investors that recognize the considerable interest and opportunity in technology that does a better job of bringing the talented people who create movies, music and TV shows closer to the people who view and listen to them."

GSOUND is a mobile app that enables users to identify and purchase music by recording just a few seconds of what's being heard. The beta version of GSOUND, now available for free download in Apple's iOS App Store, is the most visually pleasing app of its kind and allows users to identify and get more information about the music they're listening to. Future versions of GSOUND will integrate improved movie and TV show recognition as well.

About Axwave
Axwave is the creator of GSOUND, the newest and most innovative mobile app to bring people closer to the movies, music and TV shows they love. The company is committed to creating world-transforming innovation. Axwave's exclusive audio fingerprint technology is able to identify music and other medias at the same time. For more information about Axwave and GSOUND, please visit http://www.gsound.com/.