What is Performance Audio?
Founded by S. Kevin Lewis in 1977 and based in Salt Lake City, Utah, Performance Audio has evolved into a premier supplier of professional sound systems. Initially serving regional and national touring entertainers, the company expanded its operations by opening one of the region's first Pro Audio wholesale electronics supply stores in the late 1980s. This strategic move now accounts for over 60% of the company's revenue. Performance Audio further diversified in 1990 by entering the theme park, amusement attraction, and trade show design and equipment market, contributing to successful installations for prominent entertainment venues. The company also boasts experience in designing and installing special effects audio systems for major attractions, such as the Titanic attraction in Sydney for the 2000 Summer Olympics. As the digital age progressed, Performance Audio established itself as a leader in digital workstation technology, providing systems for film and video producers, CD replicators, and numerous recording and broadcast studios.
How much funding has Performance Audio raised?
Performance Audio has raised a total of $1M across 2 funding rounds:
Debt
$350K
Debt
$686K
Debt (2020): $350K with participation from PPP
Debt (2021): $686K led by PPP
What's next for Performance Audio?
The recent major strategic investment in Performance Audio signals a phase of accelerated growth and potential market expansion. Given the company's long-standing expertise in professional sound systems, wholesale distribution, and specialized installations for entertainment venues, this capital infusion is likely to fuel further innovation in audio technology and enhance its service offerings. The company's established track record, particularly its success in theme park installations and digital workstation integration, positions it well to capitalize on emerging trends in immersive audio experiences and advanced broadcast solutions. Future developments may include strategic partnerships, technological advancements in sound engineering, and broader market penetration within the global entertainment and media industries.
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