SoundHound AI (Nasdaq: SOUN), a Santa Clara, CA-based voice artificial intelligence company, acquired Amelia, a NYC-based enterprise AI software company.
The amount of the deal was not disclosed.
The business combination will position SoundHound AI as a leading provider of voice and conversational generative AI, with reach across multiple industries – including retail, financial services, healthcare, automotive, smart devices, restaurants, and more.
Amelia is an enterprise conversational AI company whose technology is used by organizations across an array of industries to automate operations, improve customer experience and optimize business outcomes. The platform develops and deploys AI tools that manage critical tasks and processes, enabling employees to be more productive and deliver results while reducing operational costs.
Led by CEO Keyvan Mohajer, SoundHound (Nasdaq: SOUN) is a conversational intelligence company that offers voice AI solutions for businesses. Built on proprietary technology, its voice AI delivers speed and accuracy in numerous languages to product creators across automotive, TV, and connected devices, and to customer service industries via AI-driven products like smart answering, smart ordering, and dynamic drive thru, an AI-powered multimodal food ordering solution. Along with SoundHound Chat AI, a voice assistant with integrated generative AI, it empowers products and services, and processes billions of interactions each year for businesses.
FinSMEs
08/08/2024