SoundHound AI Analysis: $191M Raised
What is SoundHound AI?
Voice AI agents for various industries
Location
5400 Betsy Ross Dr, Santa Clara, California 95054, United States
Employees
501-1000
Founded
2005
Latest Funding Round Size
$191M
Market Position
Challenger
Product Features & Capabilities
- Amelia Platform for enterprise AI agents
- Voice Commerce for automotive revenue generation
- Dynamic Drive-Thru for quick service efficiency
- Smart Ordering for streamlined order processing
- Smart Answering for comprehensive call management.
How much SoundHound AI raised
Funding Round - $191M
RecentOther Considerations
Recognized as a leader in enterprise conversational AI by Frost & Sullivan; Partners with major brands like Stellantis and White Castle; Offers a comprehensive suite of voice AI products.
Recent Acquisitions
SoundHound AI Inc made a significant acquisition in the last two years by acquiring Amelia AI for $80 million. This acquisition, announced approximately seven months ago, aims to expand SoundHound's conversational AI capabilities into new verticals.
Future Outlook
SoundHound AI Inc has a positive outlook for the AI industry in 2025, projecting robust growth. The company reported a 101% increase in revenue, reaching $34.5 million in the fourth quarter, and anticipates continued growth throughout 2025. Management has guided for revenue between $157 million and $177 million for the year, indicating a potential growth rate of approximately 97% at the midpoint. Additionally, the global market for speech and voice recognition is expected to grow at a compound annual growth rate (CAGR) of 27.6% from 2025 to 2030.
Awards Recognition
SoundHound AI Inc has received several notable awards and recognitions in the AI field, including:
1. The "Overall Connected Solution of the Year" award in the 2024 AutoTech Breakthrough Awards program.
2. The XCelent Advanced Technology 2024 award for its Amelia conversational AI platform, particularly recognized for its achievements in retail banking solutions.
3. Recognition as a winner in the 2024 Automation and Self-Service Awards for innovative use of AI.
1. The "Overall Connected Solution of the Year" award in the 2024 AutoTech Breakthrough Awards program.
2. The XCelent Advanced Technology 2024 award for its Amelia conversational AI platform, particularly recognized for its achievements in retail banking solutions.
3. Recognition as a winner in the 2024 Automation and Self-Service Awards for innovative use of AI.
