SoundHound

Valuation $2B

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.
Funding Rounds 11
Number of Lead Investors 3
Total Funding Amount  $451.00 million dollars
Number of Investors 36

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