Comhear Collects $12M

San Diego-based Comhear, a developer of immersive, 3D audio software, announced on Monday that it has raised $12M in a Series A funding. The source of the funding was not announced, however, the company said that Gerry Chastelet, former Chairman and CEO of Dominus Innovations and Digital Lightwave has joined the company as CEO as part of the funding, and that Andrew Arno, Vice Chairman of the Special Equities Group at Chardan Capital Markets LLC, has joined the company's board of directors. Comhear develops audio enhancing software. The company said its technology is based on research from the University of California San Diego (UCSD). More information »