SoundHound (Nasdaq: SOUN), a Santa Clara, CA-based company which specializes in voice artificial intelligence, acquired Allset, a Los Angeles, CA-based provider of an online ordering platform that connects restaurants and local customers.
The amount of the deal was not disclosed.
The acquisition will enable consumers to use voice AI to order food from their vehicles, phones, and smart devices.
Founded in 2015, and led by CEO Stas Matviyenko, Allset is a food ordering platform designed for local pick-up, providing a cost-effective dining experience that allows both consumers and restaurants to bypass the fees charged by delivery apps. The business received backing from investors, including Andreessen Horowitz, and has amassed nearly 7,000 restaurant partners nationwide, including Joe & The Juice and Charleys Cheesesteaks.
Led by CEO Keyvan Mohajer, SoundHound provides a conversational intelligence that allows voice AI solutions that let businesses offer conversational experiences to their customers. Built on proprietary technology, its voice AI delivers speed and accuracy in numerous languages to product creators across automotive, TV, and IoT, and to customer service industries via AI-driven products like Smart Answering, Smart Ordering, and Dynamic Interaction™, a real-time, multimodal customer service interface. Along with SoundHound Chat AI, a voice assistant with integrated Generative AI, SoundHound empowers millions of products and services, and processes billions of interactions each year for businesses.
FinSMEs
21/06/2024