Eversound (Formerly Audiarchy)

About Eversound (Formerly Audiarchy)

Eversound operates as a technology and content provider focused on the senior living market, aiming to mitigate social isolation and improve the quality of life for older adults. The company was founded in 2015 by Jake Reisch, Matt Reiners, and Devin Jameson, originating from Cornell University's eLab Business Accelerator. The inspiration for Eversound stemmed from the founders' personal experiences with loved ones in senior communities and the challenges they faced with hearing loss. Before establishing Eversound, the co-founders had already ventured into the audio technology space with Party Headphones, a business renting wireless headphones for silent discos. This prior experience with audio technology laid the groundwork for developing a solution tailored to the senior population.

The company's business model is primarily B2B, providing its solutions directly to senior living communities. This strategic focus allows Eversound to bypass direct-to-consumer competition and concentrate on impacting residents' lives within these facilities. Revenue is generated through a membership program that includes the company's proprietary wireless headphone system and access to a curated library of interactive content. On May 8, 2023, Eversound was acquired by Uniguest, a global leader in digital engagement technology, marking a significant milestone for the company. Prior to its acquisition, Eversound had raised approximately $13 million to $15.6 million in funding over several rounds from investors including 10X Venture Partners, Red Bear Angels, and The Shelter Group.

Eversound's core product is a wireless group listening system designed specifically for older adults. The system includes ergonomically designed headphones, a wireless transmitter, and a charging station. The headphones are tuned to amplify high-frequency sounds to compensate for age-related hearing loss and feature personal volume controls. They are designed to connect to various audio sources like A/V systems, televisions, and microphones, broadcasting sound clearly within a 300-foot radius to multiple users simultaneously. Beyond the hardware, Eversound provides a content platform with a library of live-streamed and interactive programs, offering activities that range from games and discussion groups to fitness classes and virtual tours. This combination of hardware and content aims to increase resident engagement, enhance communication, and reduce the effects of social isolation and cognitive decline associated with untreated hearing loss.