SoundHound AI - M&A Summary and Business Overview

SoftwareCompany

SoundHound AI M&A Summary

SoundHound AI has acquired 3 companies, including 3 in the last 5 years.

SoundHound AI’s largest acquisition to date was in 2024, when it acquired Amelia US for $80M. SoundHound AI has acquired in 3 different US states. The Company’s most targeted sectors include software (34%) and information technology (34%).

SoundHound AI Business Overview

Where is SoundHound AI headquartered?

SoundHound AI is headquartered in Santa Clara, California.

What is SoundHound AI’s revenue?

SoundHound AI disclosed revenue of 45M USD for 2023 and 31M USD for 2022.

How many employees does SoundHound AI have?

SoundHound AI has 260 employees.

What sector is SoundHound AI in?

SoundHound AI is a software company.

When was SoundHound AI founded?

SoundHound AI was founded in 2005.

M&A Summary

M&A Total Activity3
- M&A Buy Activity3
Total Sectors Invested 3
Total Countries Invested 1
M&A Advisors 1

SoundHound AI

SoundHound AI, Inc.

5400 Betsy Ross Drive,
Santa Clara, California 95054
United States,
(408) 441-3200
www.soundhound.com

SoundHound AI is a provider of conversational intelligence, and offers voice AI solutions that let businesses offer incredible conversational experiences to their customers. Built on proprietary technology, SoundHound’s voice AI delivers best-in-class speed and accuracy in numerous languages to product creators across automotive, TV, and IoT, and to customer service industries via groundbreaking AI-driven products like Smart Answering, Smart Ordering, and Dynamic Interaction, a real-time, multimodal customer service interface. SoundHound AI was founded in 2005 and is based in Santa Clara, California.

M&A Summary

Buy vs Sell

Year		≤ '19	'20	'21	'22	'23	'24	T
Buy (0.6/yr)	#	-	-	-	-	1	2	3
Buy (0.6/yr)	vol						$80M	$80M
Sell (0.0/yr)	#	-	-	-	-	-	-	0
								3

Most Recent M&A

Company	Date	Value	Type
Amelia US LLC	2024-08-08	80M USD	Add-on Acquisition
New York, New York · www.amelia.ai
Allset Technologies, Inc.	2024-06-20	-	Add-on Acquisition
San Francisco, California · www.allsetnow.com
SYNQ3 Restaurant Solutions	2023-12-07	-	Add-on Acquisition
Colorado Springs, Colorado · www.synq3.com
View All >>

M&A by Sector

Sector	Buy #	Value	Sell #	Value
Information Technology	1 (33%)	-	-	-
Internet Software and Services	1 (33%)	-	-	-
Software	1 (33%)	80M (100%)	-	-
Total	3	$80M	-	-

By Geo

State/Country		Buy	Value	Sell	Value
United States		3	80M	-	-
	New York	1	80M	-	-
	Colorado	1	-	-	-
	California	1	-	-	-
Total		3	$80M	-	-

Top M&A Advisors

Financial	Deals
UBS Investment Bank	1

Deal Values

buy	#	Total
< $100M	1	$80M
TOTAL		$80M
Largest	Amelia US LLC $80M (2024-08-08)

Company Summary

SECTOR

Software

Revenue

45 46%	2023
31 48%	2022
21 62%	2021
13	2020
(millions of USD)	Show More Show Less

Employees

260

Established

2005

Public

NASDAQ: SOUN

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SoundHound AI - M&A Summary and Business Overview

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