Company:SoundHound

From HandWiki
SoundHound AI, Inc.
TypePublic
NASDAQ: SOUN
Industry
  • Speech Recognition
  • Mobile Technology
FoundedSeptember 2005; 20 years ago (2005-09)
HeadquartersSanta Clara, California, United States
Products
RevenueIncrease US$84.7 million (2024)
Number of employees
700 (2024)
Websitesoundhound.com
Footnotes / references
[1]

SoundHound AI, Inc. (Nasdaq: SOUN) is a voice artificial intelligence (AI) company founded in 2005. It is headquartered in Santa Clara, California.

SoundHound provides voice-recognition and synthesis software for use in business and sales applications.[2][3][4] The company holds more than 250 technology patents[5] It supports voice AI in 25 languages.[6]

History

The company was founded in 2005.[citation needed]

In 2009, the company's music discovery app Midomi was rebranded as SoundHound but was still available as a web version on midomi.com until February 2025.[7][8] The app grew from 2 million users in January 2010 to 100 million users in September 2012.[9]

In 2015, Hyundai Motors began offering the SoundHound music recognitions app in the infotainment systems of some Hyundai and Kia models.[10]

In December 2015, SoundHound launched Houndify, a voice interface for other products and services.[11]

In December 2023, SoundHound acquired SYNQ3 Restaurant Solutions, a provider of voice AI for restaurants, for $25 million.[12]

In 2023–2024, SoundHound began providing voice AI phone ordering technology to various restaurant chains, starting with Jersey Mike's Subs and White Castle.[13][14] The company's customer base also includes Applebee's, Beef O'Brady's, Casey's General Stores, Chipotle, Church's Texas Chicken, Habit Burger, Noodles & Company, Torchy's Tacos, and Red Lobster.[15][16][17][18] In October 2024, SoundHound claimed their phone ordering technology had processed over 100 million interactions with restaurant customers.[19]

In June 2024, SoundHound acquired Allset, a restaurant ordering marketplace founded out of Ukraine.[20]

In August 2024, SoundHound acquired Amelia AI for $85 million.[21]

In September 2025, it was announced that SoundHound had completed its acquisition of Interactions LLC, a company specializing in AI for customer service and workflow orchestration.[22]

Funding

According to a June 2015 article, SoundHound Inc. had raised a total of $40 million in funding with investments from Global Catalyst Partners, Translink Capital, Walden Venture Capital, and others.[23] This included $7 million in a Series B funding round the company secured in October 2008, bringing total funds raised to $12 million at that time. The round was led by TransLink Capital with the participation of JAIC America and Series A investor Global Catalyst Partners.[24] In 2009, SoundHound attracted additional funding from Larry Marcus at Walden Venture Capital, who had previously invested in music startups Pandora and Snocap. The $4 million funding round was led by Walden Venture Capital VII, with the participation of an unnamed device manufacturer.[25]

In January 2017, the company raised another $75 million in an investment round that included Nvidia, Samsung, Kleiner Perkins Caulfield & Byers, and others.[26]

As of January 2018, the valuation of the company had reached $1 billion.[27] Announced in May 2018, SoundHound raised $100 million from a funding round led by Tencent and joined by Daimler AG, Hyundai Motors, Midea Group, and Orange S.A.[28]

In November 2021, SoundHound first announced the merger with Archimedes Tech SPAC Partners Co to go public with $2.1B valuation, with $111 million of investments from Oracle, Qatar First Bank, Koch Industries, and MKaNN Ventures, Cota Capital, VIZIO, HTC, FIH Mobile (a Foxconn Technology Group company), and others.[29][30]

On April 28, 2022, the combined company SoundHound AI, Inc. went public, listed under the symbol SOUN on the Nasdaq.[31]

In November 2022, the company implemented a 10% workforce reduction and salary adjustments.[32] Reports at the time indicated that SoundHound had secured less than half of the anticipated funds from its SPAC merger.[33] In January 2023, the company reduced its workforce by approximately 50%, driven by the need to realign financial strategies and expedite the company's path to profitability amid evolving market conditions.[34]

In April 2023, SoundHound secured $100 million in strategic financing.[35]

In February 2025, Nvidia disclosed in a regulatory filing that it had sold its stake in SoundHound.[36] Later in March 2025, SoundHound participated in Nvidia GTC 2025 and announced an expanded collaboration with Nvidia, integrating Nvidia AI Enterprise.[37]

In the second quarter of 2025, the company reported a revenue of $42.7 million, an increase of 217% year-over-year.[38]

Awards and recognition

SoundHound won the 2020 Webby Award for Productivity (Voice) in the category Apps, Mobile & Voice.[39]

See also

References

  1. ↑ "SoundHound AI, Inc. 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. March 1, 2024. https://www.sec.gov/ix?doc=/Archives/edgar/data/1840856/000184085624000013/soun-20231231.htm. 
  2. ↑ Lucas, Peter (5 May 2023). "Presto Rolls Out Voice Ordering; SoundHound Integrates Voice Ordering With Oracle's POS". https://www.digitaltransactions.net/presto-rolls-out-voice-ordering-soundhound-integrates-voice-ordering-with-oracles-pos/. 
  3. ↑ Godwin, Cody (2 December 2022). "Does the future of drive-thrus look less human? AI software shows off order-taking skills". https://www.usatoday.com/videos/tech/2022/12/02/ai-company-shows-off-futuristic-drive-thru-tech/10817935002/. 
  4. ↑ "10-K Annual Report Fri Mar 01 2024". https://last10k.com/sec-filings/soun/0001840856-24-000013.htm. 
  5. ↑ "SoundHound Patents – Insights & Stats (Updated 2024)". https://insights.greyb.com/soundhound-patents/. 
  6. ↑ Yu, Jea (8 February 2023). "Is SoundHound Voice AI the Next Big Thing?". https://www.theglobeandmail.com/investing/markets/stocks/PATH-N/pressreleases/14053525/is-soundhound-voice-ai-the-next-big-thing/. 
  7. ↑ Rollison, Damian (January 27, 2010). "Tune identifier SoundHound announces new version with Pandora, tour dates". Venturebeat. https://venturebeat.com/2010/01/27/tune-identifier-soundhound-announces-version-3-1-with-pandora-tour-dates/. Retrieved 1 March 2016. 
  8. ↑ "midomi.com". https://www.midomi.com/. 
  9. ↑ Empson, Rip (20 September 2012). "Chasing Shazam, SoundHound Quietly Passes 100M Users, Averaging 200K Downloads/Day". https://techcrunch.com/2012/09/20/chasing-shazam-soundhound-quietly-passes-100m-users-averaging-200k-downloadsday/. 
  10. ↑ "Hyundai and Kia tap SoundHound to help you identify music in your car". January 14, 2014. https://www.engadget.com/2014/01/14/hyundai-kia-soundhound-music-tagging/. Retrieved June 5, 2015. 
  11. ↑ Ha, Anthony (15 December 2015). "SoundHound Launches Houndify Platform To Add A Voice Interface To Other Apps And Devices". https://techcrunch.com/2015/12/15/soundhound-launches-houndify/. 
  12. ↑ Rossolillo, Nicholas (2023-12-08). "SoundHound AI Bets on the Restaurant Industry -- Is the Stock a Buy Before the End of 2023?" (in en). https://www.fool.com/investing/2023/12/08/soundhound-ai-bets-on-the-restaurant-industry/. 
  13. ↑ Canham-Clyne, Aneurin (25 January 2024). "Jersey Mike's to use SoundHound's phone AI in at least 50 restaurants". https://www.restaurantdive.com/news/jersey-mikes-to-use-soundhounds-phone-ai-in-50-restaurants/705468/. 
  14. ↑ David, Emilia (2 August 2023). "White Castle will bring more AI to its drive-thrus". https://www.theverge.com/2023/8/2/23817406/white-castle-soundhound-ai-sliders. 
  15. ↑ "SoundHound AI Eclipses 100 Million Interactions in Restaurant Phone Orders". 31 October 2024. https://www.qsrmagazine.com/news/soundhound-ai-eclipses-100-million-interactions-in-restaurant-phone-orders/. 
  16. ↑ Canham-Clyne, Aneurin (5 December 2024). "Torchy's Tacos deploys phone AI ordering". https://www.restaurantdive.com/news/torchys-tacos-adds-soundhounds-phone-ai/734759/. 
  17. ↑ Canham-Clyne, Aneurin (11 December 2024). "Church's Texas Chicken turns to drive-thru AI". https://www.restaurantdive.com/news/churchs-texas-chicken-deploys-soundhound-drive-thru-ai/735282/. 
  18. ↑ Guszkowski, Joe (23 September 2025). "Red Lobster and Captain D's add AI voice ordering". https://www.restaurantbusinessonline.com/technology/red-lobster-captain-ds-add-ai-voice-ordering. 
  19. ↑ "SoundHound AI Eclipses 100 Million Interactions in Restaurant Phone Orders". 31 October 2024. https://www.qsrmagazine.com/news/soundhound-ai-eclipses-100-million-interactions-in-restaurant-phone-orders/. 
  20. ↑ David, Emilia (20 June 2024). "SoundHound buys Allset to bring AI voice ordering to more drive-throughs". https://venturebeat.com/ai/soundhound-buys-allset-to-bring-ai-voice-ordering-to-more-drive-throughs/. 
  21. ↑ "SoundHound Expands Reach of Conversational AI Offering With Amelia Acquisition". 8 August 2024. https://www.pymnts.com/acquisitions/2024/soundhound-expands-reach-conversational-ai-offering-with-amelia-acquisition/. 
  22. ↑ Mitchell, Charlie (9 September 2025). "SoundHound AI Acquires Interactions for $60MN, Converges the Conversational AI Space". https://www.cxtoday.com/conversational-ai/soundhound-ai-acquires-interactions-for-60mn-converges-the-conversational-ai-space/. 
  23. ↑ Winkler, Rolf (June 2, 2015). "SoundHound App Emerges to Take On Apple and Google in Voice Search". Wall Street Journal. https://blogs.wsj.com/digits/2015/06/02/soundhound-app-emerges-to-take-on-apple-and-google-in-voice-search/. 
  24. ↑ Staff, V. C. J. (2008-10-08). "Melodis Adds $7 Million" (in en-US). https://www.venturecapitaljournal.com/melodis-adds-7-million/. 
  25. ↑ Wauters, Robin (August 25, 2011). "Music Search Startup SoundHound Partners With Spotify For Instant Streaming". TechCrunch. https://techcrunch.com/2011/08/25/music-search-startup-soundhound-partners-with-spotify-for-instant-streaming/. Retrieved 1 March 2016. 
  26. ↑ Yeung, Ken (January 31, 2017). "SoundHound raises $75 million to expand access to its Houndify voice-powered platform". VentureBeat. https://venturebeat.com/2017/01/31/soundhound-raises-75-million-to-expand-access-to-its-houndify-voice-powered-platform/. 
  27. ↑ Schleifer, Theodore (January 24, 2018). "SoundHound, once just a music-recognition app, is now a billion dollar company". recode. Archived from the original on January 25, 2018. https://web.archive.org/web/20180125040259/https://www.recode.net/2018/1/24/16930330/soundhound-billion-unicorn-fundraising-shazam-music-recognition-app. 
  28. ↑ Lynley, Matthew (2018-05-03). "SoundHound has raised a big $100M round to take on Alexa and Google Assistant". TechCrunch. https://techcrunch.com/2018/05/03/soundhound-has-raised-a-big-100m-round-to-take-on-alexa-and-google-assistant/. 
  29. ↑ "INSERTING and REPLACING SoundHound Inc., Global Leader in Voice AI Technology, to Become Publicly Traded Through Proposed Merger With Archimedes Tech SPAC Partners Co". www.businesswire.com (Press release). 2021-11-16. Retrieved 2022-01-16.
  30. ↑ "Qatar First Bank invests in US-based voice AI firm, SoundHound - NNR". NewsnReleases (Press release). 2021-11-28. Retrieved 2022-01-16.
  31. ↑ "SoundHound Announces Closing of Business Combination" (Press release). 27 April 2022.
  32. ↑ Singh, Jagmeet (10 November 2022). "SoundHound, the voice AI platform, lays off 10% of staff citing 'challenging market conditions'". https://techcrunch.com/2022/11/10/soundhound-layoffs/. 
  33. ↑ Schubarth, Cromwell (November 10, 2022). "SoundHound is slashing 10% of its staff and cutting the pay of other workers". https://www.bizjournals.com/sanjose/news/2022/11/10/soundhound-lays-off-10-of-staff-cuts-pay.html. 
  34. ↑ DeGeurin, Mack (2023-01-13). "Voice AI Company SoundHound Lays Off Nearly Half Its Staff and Offers 'Pitiful' Severance" (in en-US). https://gizmodo.com/soundhound-lays-off-half-employees-pitiful-severance-1849987534. 
  35. ↑ "SoundHound AI Secures $100 Million in Strategic Financing From Atlas Credit Partners". www.businesswire.com (Press release). 2023-04-17. Retrieved 2024-10-06.
  36. ↑ Singh, Jaspreet (14 February 2025). "Nvidia cuts stake in Arm Holdings, discloses position in China's WeRide". https://www.reuters.com/technology/nvidia-cuts-stake-arm-holdings-invests-chinas-weride-2025-02-14/. 
  37. ↑ "SoundHound AI Delivers Faster, Smarter Voice Assistants At Scale with NVIDIA AI Enterprise". 19 March 2025. https://finance.yahoo.com/news/soundhound-ai-delivers-faster-smarter-130400883.html. 
  38. ↑ "SoundHound Stock Soars 20% on ‘Strongest Ever Quarter’". 8 August 2025. https://www.barrons.com/articles/soundhound-earning-stock-price-3cbc0842. 
  39. ↑ Kastrenakes, Jacob (May 20, 2020). "Here are all the winners of the 2020 Webby Awards" (in en). https://www.theverge.com/2020/5/20/21263445/2020-webby-awards-winners-lil-nas-x-nasa-jon-krasinski. Retrieved May 22, 2020. 



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