Work Here?
SoundHound AI
Work Here?
Provides voice AI and conversational intelligence solutions
SoundHound AI
Work Here?
Provides voice AI and conversational intelligence solutions
About SoundHound AI
Industries
Automotive & Transportation
AI & Machine Learning
Company Size
501-1,000
Company Stage
IPO
Total Funding
$317.1M
Headquarters
Santa Clara, California
Founded
2005
Overview
SoundHound provides conversational intelligence solutions through its independent voice AI platform. This platform uses unique technologies called Speech-to-Meaning® and Deep Meaning Understanding® to facilitate fast and accurate voice interactions, allowing users to engage with products and services in a natural way. The company works with a wide range of clients, including well-known brands like Hyundai, Mercedes-Benz, and Netflix, by licensing its voice AI technology to them. This approach generates revenue through long-term contracts and usage-based fees. SoundHound stands out from its competitors by focusing on delivering superior conversational experiences across various industries, including automotive and consumer electronics, where advanced voice AI capabilities are increasingly important.
Simplify's Take
What believers are saying
- Partnership with Lucid Motors positions SoundHound in the electric vehicle market.
- Recognition in healthcare AI suggests growth potential in the healthcare sector.
- Voice-driven food orders at CES 2025 highlight expansion into the food industry.
What critics are saying
- Increased competition from tech giants could threaten SoundHound's market share.
- Rapid AI advancements may require significant R&D investment to keep up.
- Reliance on automotive partnerships makes SoundHound vulnerable to industry shifts.
What makes SoundHound AI unique
- SoundHound's Speech-to-Meaning technology ensures high-speed, accurate voice interactions.
- The company holds over 200 patents, providing a competitive edge in voice AI.
- SoundHound's open developer platform allows for customizable AI voice solutions.
Help us improve and share your feedback! Did you find this helpful?
Funding
Total Funding
$317.1M
Above
Industry Average
Funded Over
10 Rounds
Kleiner PerkinsBenefits
Health Insurance
Paid Vacation
Paid Sick Leave
Hybrid Work Options
Company Equity
Performance Bonus
Growth & Insights and Company News
6 month growth
↓ -10%1 year growth
↓ -10%2 year growth
↓ -17%By integrating SoundHound AI's innovative technology with Rekor Systems' expertise in vehicle recognition, this partnership aims to revolutionize emergency vehicle technology and enhance road safety.
According to analysts, investors may have expected SoundHound (NASDAQ:SOUN) to announce more at this year's CES trade show.
For example, SoundHound recently unveiled its in-vehicle voice commerce platform and announced the launch of the Lucid Assistant, a voice AI assistant for Lucid LCID -5.13% | electric vehicles.
SoundHound AI introduces a hands-free voice commerce system at CES 2025, letting drivers order food and navigate seamlessly.
While the CES 2025 demo focuses on food ordering, SoundHound AI plans to enable new capabilities like bank transactions, ticket purchases, appointment making, and more.
SoundHound AI is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today
About SoundHound AI
Industries
Automotive & Transportation
AI & Machine Learning
Company Size
501-1,000
Company Stage
IPO
Total Funding
$317.1M
Headquarters
Santa Clara, California
Founded
2005
SoundHound AI is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today