M&A Deal Summary

SoundHound AI Acquires Amelia

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2024-08-08
Target Amelia
Sector Software
Buyer(s) SoundHound AI
Deal Type Add-on Acquisition
Deal Value 80M USD

Target

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(S) 1

Buyer

SoundHound AI

Santa Clara, California, United States
Category Company
Founded 2005
Sector Software
Employees260
Revenue 45M USD (2023)
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 STATS #
Overall 3 of 3
Sector (Software) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (New York) 1 of 1
Country (United States) 3 of 3
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.

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