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Sonarworks is an innovative audio technology startup that will redefine headphone and music delivery industries
Last updated
In 2024, Sonarworks's revenue reached $15M. The company previously reported $6.6M in 2024. Since its launch in 2012, Sonarworks has shown consistent revenue growth.
Sonarworks is a bootstrapped SaaS startup. Founded in 2012, Sonarworks has grown to $15M in revenue without raising any venture capital or outside funding.
As a self-funded SaaS company, Sonarworks has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Source |
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Sonarworks serves 70K customers.
Sonarworks employs approximately 41 people as of 2026, down from 61 in 2023. It serves 70K customers that rely on its solutions.
Sonarworks generates $15M in revenue.
Sonarworks was founded by Martin Popelis.
The CEO of Sonarworks is Martin Popelis.
Sonarworks is bootstrapped and has not raised outside funding.
Sonarworks has 41 employees.
Sonarworks is headquartered in Riga, Latvia.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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2024 Revenue
$15M
Customers
70K
Funding
$0
Avg ACV
$214
Team
41
Founded
2012
| Year | Milestone | Source |
|---|---|---|
| 2024 | Sonarworks Hit $15m revenue in November 2024 | |
| 2024 | Sonarworks Hit $6.6m revenue in October 2024 | Estimated |
| 2023 | Sonarworks Hit $4.2m revenue in December 2023 | Estimated |
| 2019 | Sonarworks Hit $3.1m revenue in May 2019 | |
| 2012 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 41 employees (December 2024) | |
| 2024 | Reached 61 employees (October 2024) | |
| 2023 | Reached 61 employees (December 2023) | |
| 2022 | Reached 77 employees (December 2022) | |
| 2021 | Reached 84 employees (December 2021) | |
| 2019 | Reached 64 employees (May 2019) |
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