M&A Deal Summary

SoundHound AI Acquires SYNQ3

On December 7, 2023, SoundHound AI acquired information technology company SYNQ3

Acquisition Highlights
  • This is SoundHound AI’s 1st transaction in the Information Technology sector.
  • This is SoundHound AI’s 1st transaction in the United States.
  • This is SoundHound AI’s 1st transaction in Colorado.

M&A Deal Summary

Date 2023-12-07
Target SYNQ3
Sector Information Technology
Buyer(s) SoundHound AI
Deal Type Add-on Acquisition

Target

SYNQ3

Colorado Springs, Colorado, United States
SYNQ3 is a provider of voice AI and other technology solutions to the restaurant industry. SYNQ3 was formed in 2007 and is based in Colorado Springs, Colorado.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 1 of 3
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Colorado) 1 of 1
Country (United States) 1 of 3
Year (2023) 1 of 1
FOLLOWING 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 -