TYXIT raises CHF 1.1 million to have its ultra-low latency tech shake music and gaming industries
16.11.2021
TYXIT, the pioneer in ultra-low latency solutions for musicians and gamers, closed a pre-seed financing convertible round of CHF 1.1 million and welcomed key individuals and Business Angels Switzerland (BAS) as new shareholders. TYXIT was a Venture Kick winner in 2018.
 TYXIT co-founders Gaétan Fuchs and Raphaël Buache
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The company has been operating in stealth mode since its incorporation in 2019. TYXIT focuses on understanding customer needs together with developing unique low latency deeptech HW and SW products to provide performers with a very simple solution to play wirelessly and remotely, either locally or over the internet, with no perceivable latency.
The flagship product is a unique SaaS platform where, for the first time, performers will have a real-time solution to rehearse, to run interactive masterclasses remotely, to protect their creations, as well as to engage with their fans during live stream concerts as if they were at a live show.
“Thanks to the support of our investors and the feedback from the 12’000+ subscribers who are excited about the product-to-come, we are now in good shape to fine-tune the product with beta testers before the official launch in 2022”, said CTO Raphaël Buache.
Imagine Quincy Jones and Carlos Santana, living across the country, playing an ad hoc jam session thanks to TYXIT. This jam session is unique by definition and can be directly protected on the TYXIT platform, with a tradeable NFT as output. This performance can also be streamed to a wide fan audience through the platform or kept confidential as a unique piece of art.
To further facilitate the growth and the company’s success, TYXIT is expanding its management. Joining the board are experienced entrepreneurs Nicolas Abelé as CEO, and Olivier Müller as COO. The two are are both convinced that the “TYXIT team has done an amazing job understanding critical customer needs and developing breakthrough technology that can now tackle the massive music and gaming markets.”
TYXIT’s solution serves the massively increasing music, gaming, and streaming market (currently valued at more than USD 100 billion), where the perpetual problem facing users wanting to play remotely is latency. This demand for an optimal service was observed even more during the recent lockdowns. TYXIT has now achieved a breakthrough in a domain where people from the field thought it would be simply impossible: “how- latency- makes- jamming- together- in- real-time- nearly- impossible.” The developments open the market to those previously excluded by outdated technology.
Source: TYXIT press release
The flagship product is a unique SaaS platform where, for the first time, performers will have a real-time solution to rehearse, to run interactive masterclasses remotely, to protect their creations, as well as to engage with their fans during live stream concerts as if they were at a live show.
“Thanks to the support of our investors and the feedback from the 12’000+ subscribers who are excited about the product-to-come, we are now in good shape to fine-tune the product with beta testers before the official launch in 2022”, said CTO Raphaël Buache.
Imagine Quincy Jones and Carlos Santana, living across the country, playing an ad hoc jam session thanks to TYXIT. This jam session is unique by definition and can be directly protected on the TYXIT platform, with a tradeable NFT as output. This performance can also be streamed to a wide fan audience through the platform or kept confidential as a unique piece of art. To further facilitate the growth and the company’s success, TYXIT is expanding its management. Joining the board are experienced entrepreneurs Nicolas Abelé as CEO, and Olivier Müller as COO. The two are are both convinced that the “TYXIT team has done an amazing job understanding critical customer needs and developing breakthrough technology that can now tackle the massive music and gaming markets.”
TYXIT’s solution serves the massively increasing music, gaming, and streaming market (currently valued at more than USD 100 billion), where the perpetual problem facing users wanting to play remotely is latency. This demand for an optimal service was observed even more during the recent lockdowns. TYXIT has now achieved a breakthrough in a domain where people from the field thought it would be simply impossible: “how- latency- makes- jamming- together- in- real-time- nearly- impossible.” The developments open the market to those previously excluded by outdated technology.
Source: TYXIT press release