SoundHound AI, a publicly owned company founded in 2005 and headquartered in the US, employs approximately 600 people. Its primary business is software development, specifically focusing on conversational artificial intelligence (AI). The company develops an independent voice AI platform that uses proprietary speech-to-meaning and deep meaning understanding technologies to facilitate fast and accurate human-machine interactions. SoundHound AI's platform is used by businesses across various sectors, including automotive, entertainment, and technology, to improve customer conversational experiences.
SoundHound AI announced a focus on strengthening its presence in enterprise markets with its Amelia 7 platform, which combines autonomous workflows with precise controls for customer service, employee interactions, and operational tasks. The company's recent strong performance occurred amidst concerns about potential stagflation following a Federal Reserve interest rate cut. SoundHound AI's conversational AI platform has seen adoption by various companies in sectors including dining, automotive, manufacturing, and healthcare. The company is expanding partnerships with automotive companies to integrate its voice recognition technology into more vehicles. Finally, SoundHound AI agreed to acquire Interactions Corporation, a customer service and workflow orchestration AI company, for up to $85 million.
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SoundHound AI offers products in the enterprise tech industry. SoundHound AI's product portfolio comprises of generative AI.
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