SoundHound AI (Nasdaq: SOUN), a Santa Clara, CA-based company which specializes in in voice artificial intelligence, received a $100M loan.
The financing was provided by Atlas Credit Partners. The Credit Agreement also allows SoundHound AI to potentially tap into additional capital of up to $25M.
The company intends to use the funds to drive further innovation and support its growth plans.
Led by CEO Keyvan Mohajer, SoundHound AI is a provider of conversational intelligence, which offers an independent voice AI platform that enables businesses across industries to deliver conversational experiences to their customers. Built on proprietary Speech-to-Meaning and Deep Meaning Understanding technologies, its voice AI platform enables humans to interact with products and services like they interact with each other by speaking naturally.
The platform is used by companies including Hyundai, Mercedes-Benz, Pandora, Qualcomm, Snap, Square, Toast, LG, VIZIO, KIA, and Stellantis.
FinSMEs
18/04/2023