Add-on Acquisition • Software

SoundHound AI Acquires Amelia

On August 8, 2024, SoundHound AI acquired software company Amelia for 80M USD

Acquisition Context
  • This is SoundHound AI’s 1st transaction in the Software sector.
  • This is SoundHound AI’s largest (disclosed) transaction.
  • This is SoundHound AI’s 3rd transaction in the United States.
  • This is SoundHound AI’s 1st transaction in New York.

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M&A Deal Summary

Date August 8, 2024
Target Amelia
Sector Software
Buyer(s) SoundHound AI
Deal Type Add-on Acquisition
Deal Value 80M USD

Target Company

Amelia

New York, New York, United States
Amelia is an AI software company and a global provider of Enterprise Conversational AI. The company’s technology is trusted by organizations across an array of industries to automate operations, improve customer experience and optimize business outcomes. Amelia is based in New York.
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Buyer Overview 1

Buyer

SoundHound AI

Santa Clara, California, United States

Category Company
Founded 2005
Sector Software
Employees842
Revenue 85M USD (2024)
DESCRIPTION

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.


Deal Context for Buyer #
Overall 3 of 4
Sector: Software 1 of 1
Type: Add-on Acquisition 3 of 4
State: New York 1 of 1
Country: United States 3 of 4
Year: 2024 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-20 Allset

San Francisco, California, United States

Allset is an online ordering platform that connects restaurants and local diners. It provides restaurants with online ordering and contactless dining solutions. Customers use Allset to order ahead at nearby restaurants and coffee shops, to ensure everyday dining that is fast, easy, and cost-effective. Allset is partnering with thousands of restaurants nationwide, including Joe & The Juice, Charleys Cheesesteaks, Dickey's Barbecue Pit, Lennys Grill & Subs, BIBIBOP Asian Grill, DIG, and more. Allset is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-09 Interactions

Franklin, Massachusetts, United States

Interactions provides a revolutionary offering for the customer service market that enables companies to dramatically improve the customer experience and substantially lower costs. Solving the problems inherent to speech recognition and outsourcing, Interactions' Intent Recognition(tm) is a generation leaping approach that enables significantly higher automation rates that address a much broader and more complex range of customer interactions. Interactions was founded in 2004 and is based in Franklin, Massachusetts.

Buy -