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Crazybaby
Mars by Crazybaby, The world’s first levitating wireless HI-FI system
About Crazybaby
Crazybaby was a consumer electronics company that designed and developed wireless audio products. Founded in 2014 by Allen Zhang, the company aimed to merge distinctive, futuristic designs with accessible audio technology. Zhang's vision was to create audio products that were not only technologically reliable but also served as a form of personal expression for a trend-conscious audience. The company, once backed by venture capital, is now listed as out of business as of April 2021.
Crazybaby first gained significant attention through a highly successful Indiegogo campaign in late 2014 for its flagship product, the Mars speaker. The campaign for this levitating Bluetooth speaker system quickly surpassed its $100,000 goal, ultimately raising over $830,000. The Mars speaker system consisted of two parts: a cylindrical base station that housed a subwoofer and a UFO-shaped, levitating tweeter called the Craft. This main speaker unit could hover above the base via magnetic levitation, a feature intended to provide 360-degree sound projection by reducing surface absorption. The Craft was also portable and could be used as a standalone waterproof speaker. The system utilized Bluetooth with aptX for higher-quality audio streaming and could be controlled via a dedicated mobile app for features like EQ adjustments and lighting controls.
Following the Mars speaker, Crazybaby expanded its product line into the competitive true wireless earbud market. It launched several models, including the Air, Air (NANO), and Air 1S. The Air earbuds featured carbon nanotube diaphragms, a technology intended to provide fast and accurate sound reproduction, and came in a distinctive pill-shaped aluminum charging case. These products were marketed toward a lifestyle and athletic consumer base, emphasizing features like water resistance and a secure, ergonomic fit. However, while the design and concepts were often praised, the execution of the earbud products received mixed reviews, with critics frequently pointing to issues with Bluetooth connectivity, battery life, and overall usability that marred the experience.
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES B✓Equity / VC | Oct 2018 | $10M | $40M | SIG China | — |
| GROWTH EQUITY VC✓Equity / VC | Nov 2016 | $2.2M | — | Undisclosed | — |
Growth signals
Latest recorded traffic for Crazybaby is 110 monthly website visits, down 42.1% over the last three months. Crazybaby's team grew 0% over the past year.
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SIG China
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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