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§ Private Profile · 99 Deertrack Lane, NY, NY
Vesper is a technology company.
Vesper has raised $44.0M across 3 funding rounds.
Key people at Vesper.
Vesper has raised $44.0M in total across 3 funding rounds.
Vesper operates a commodity intelligence platform providing a consolidated, independent, and real-time view of global commodity markets. The platform delivers extensive market data, pricing benchmarks, forecasts, and analysis for over 350 oils, fats, dairy, and sugar commodities worldwide. It aims to transform complex, disparate data into digestible and actionable intelligence, empowering decision-making for industry professionals.
The company was founded in 2018 by Alexander Sterk, who serves as CEO. Sterk established Vesper based on the insight that commodity markets lacked a unified and user-friendly source of intelligence, identifying a significant opportunity for disruption within the industry. His prior experience as a dairy trader provided direct understanding of the market's specific needs.
Vesper serves a diverse clientele of commodity buyers, sellers, and traders, including those within grocery businesses and agricultural sectors. The company’s vision is to be the most comprehensive and user-friendly commodity intelligence platform, streamlining access to critical market information and saving professionals considerable time previously spent gathering fragmented data.
Vesper has raised $44.0M across 3 funding rounds. Most recently, it raised $6.0M Seed in September 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2021 | $6M Seed | — | Bond, Eight Roads Ventures, Index Ventures, Stash Ventures | Announced |
| May 1, 2018 | $23M Series B | Katelyn Staley Johnson | Baidu Ventures, Accomplice, Paul Bernard, Baidu, Bose Ventures, Hyperplane Venture Capital, Sands Capital, Shure, Synaptics, ZZ Capital | Announced |
| Dec 9, 2016 | $15M Series A | Jeff Fagnan | Steve Rabuchin, Hyperplane Venture Capital, Miraenano Tech | Announced |
Key people at Vesper.
Vesper has raised $44.0M in total across 3 funding rounds.
Vesper's investors include Bond, Eight Roads Ventures, Index Ventures, Stash Ventures, Katelyn Staley Johnson, Baidu Ventures, Accomplice, Paul Bernard, Baidu, Bose Ventures, Hyperplane Venture Capital, Sands Capital.
Vesper Technologies is a Boston-based advanced sensor company specializing in award-winning piezoelectric MEMS microphones that enable pervasive voice interfaces and acoustic event-detection in devices like hearables, wearables, smartphones, smart speakers, IoT products, and connected cars.[1] It serves consumer electronics manufacturers and OEMs by solving key challenges in microphone performance, such as high signal-to-noise ratios for reliable voice detection in noisy environments, driving adoption in always-on voice assistants and edge AI applications.[1] With revenue around $16.7 million and funding from investors like Accomplice, Amazon's Alexa Fund, AAC Technologies, and Hyperplane—plus early grants from NASA, NSF, and NIH—the company shows steady growth momentum through product awards and market expansion into new sectors.[1]
Vesper Technologies traces its roots to the University of Michigan, where its proprietary piezoelectric MEMS technology was developed, leading to initial funding from NASA, NSF, and NIH to validate its potential for high-performance sensors.[1] Founded in 2009, the company aimed to disrupt the MEMS microphone market dominated by traditional capacitive designs, focusing instead on piezoelectric tech for superior signal-to-noise ratios and reliability.[1] Early traction came from these government grants and tech validation, culminating in an $8 million raise to pursue broader markets; pivotal moments include product awards and strategic investments that propelled commercialization.[1]
Vesper rides the wave of edge AI and always-on voice computing, where devices demand ultra-reliable, low-power sensors for seamless human-machine interaction amid exploding IoT and smart device growth.[1] Timing is ideal as voice interfaces proliferate in automobiles and wearables, fueled by market forces like 5G connectivity, AI model efficiency, and privacy-focused on-device processing that favors Vesper's high-SNR tech over cloud-dependent alternatives.[1] By enabling acoustic event detection, Vesper influences the ecosystem, empowering developers to build more responsive smart home, automotive, and health-monitoring applications while reducing reliance on power-hungry traditional mics.[1]
Vesper is poised for accelerated growth as edge AI sensors become table stakes in next-gen devices, with expansions into automotive and industrial IoT likely driving revenue beyond $16.7 million.[1] Trends like generative AI on-device and multimodal sensing (voice + ultrasound) will shape its path, potentially via acquisitions or deeper OEM integrations with partners like Amazon.[1] Its influence could evolve from niche innovator to category leader, especially if piezoelectric tech sets new standards for sensor reliability—cementing Vesper's role in the voice-first future it helped pioneer.[1]
