About SoundHound
SoundHound is a voice AI platform that enables businesses to provide conversational experiences to their customers.
Headquarters
SoundHound, Santa Clara
Founded
2005-09-01
Industry
Artificial Intelligence (AI), Machine Learning, Speech Recognition
Last Funding Type
Post Ipo Debt
Valuation
2
Total Funding
$451.00 million dollars
IPO Status
Public
Financial
SoundHound reported a 73% revenue growth in Q1, reaching $11.6 million, and closed the quarter with $226 million in cash. Additionally, SoundHound achieved an 80% revenue growth in Q4, with revenues amounting to $17.1 million, and improved its adjusted EBITDA by 80% year-over-year in Q4.
SoundHound AI has acquired Allset to expand its voice-powered ordering platform for restaurants. The company has also seen significant stock movements, with shares rising due to better-than-expected quarterly results and a positive revenue outlook for 2024. Additionally, SoundHound has partnered with Perplexity to enhance its voice assistant capabilities.
SoundHound AI has acquired Allset to expand its voice-powered ordering platform for restaurants. The company has also seen significant stock movements, with shares rising due to better-than-expected quarterly results and a positive revenue outlook for 2024. Additionally, SoundHound has partnered with Perplexity to enhance its voice assistant capabilities.
Funding Rounds
11
Number of Lead Investors
3
Total Funding Amount
$451.00 million dollars
Number of Investors
36