French startup firm Devialet, whose high-end speakers have won admirers from Jay-Z to President Marcon, debuts its Phantom Reactor speaker which starts at £990 (around €1200). The company hopes that it will appeal to the customers who might have shied away from the flagship model – Phantom – which starts at £1490 (around €1700).
Devialet is backed by Bernard Arnault, France’s richest man who is also the head of luxury goods company LVMH, and by Taiwanese electronic giant Foxconn. Since its founding in 2007, the company has raised more than $160 million (around €139). Founded by Pierre-Emmanuel Calmel, Mathias Moronvalle, Emmanuel Nardin and Quentin Sannie in 2007, Devialet is headquartered in Paris known for innovation and excellence in audio inventions. Since its founding, it has raised a total amount of $161.2m (around €140.3).