Jump to content

SoundHound: Difference between revisions

From Wikipedia, the free encyclopedia
Browse history interactively
← Previous editNext edit →
Content deleted Content added
VisualWikitext
The company has evolved significantly so these changes bring the description up-to-date.
Grammar
Line 20: Line 20:
| footnotes = <ref>{{cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1840856/000184085623000019/soun-20221231.htm |title=SoundHound AI, Inc. 2022 Annual Report (Form 10-K) |date=March 28, 2023 |publisher=[[U.S. Securities and Exchange Commission]]}}</ref>
| footnotes = <ref>{{cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1840856/000184085623000019/soun-20221231.htm |title=SoundHound AI, Inc. 2022 Annual Report (Form 10-K) |date=March 28, 2023 |publisher=[[U.S. Securities and Exchange Commission]]}}</ref>
}}
}}
'''SoundHound AI, Inc.''' is a leading voice [[Artificial intelligence|AI]] company, founded in 2005<ref>{{Cite web |title=About SoundHound |url=https://www.soundhound.com/about/ |access-date=2023-06-26 |website=SoundHound |language=en-US}}</ref>. SoundHound’s independent voice AI platform connects people to brands through customized conversational experiences that voice-enable products, services, and apps. While in stealth, SoundHound created a popular music discovery app<ref>{{Cite web |title=SoundHound - Music Discovery - Apps on Google Play |url=https://play.google.com/store/apps/details?id=com.melodis.midomiMusicIdentifier.freemium&hl=en_US |access-date=2023-06-26 |website=play.google.com |language=en-US}}</ref>, before launching the voice platform in 2015 based on the company's breakthrough Speech-to-Meaning® and Deep Meaning Understanding® technologies<ref>{{Cite web |date=2015-06-02 |title=SoundHound Inc. Introduces Hound, Unprecedented Speech Recognition + Natural Language Understanding, and the Houndify Developer Platform |url=https://www.businesswire.com/news/home/20150602006172/en/SoundHound-Inc.-Introduces-Hound-Unprecedented-Speech-Recognition-Natural-Language-Understanding-and-the-Houndify-Developer-Platform |access-date=2023-06-26 |website=www.businesswire.com |language=en}}</ref>. Built on this proprietary technology, SoundHound’s voice AI delivers speed and accuracy in numerous languages<ref>{{Cite web |title=Languages |url=https://www.soundhound.com/voice-ai-products/languages/ |access-date=2023-06-26 |website=SoundHound |language=en-US}}</ref> to product creators across automotive, TV, and IoT, and to customer service industries via groundbreaking AI-driven products like Smart Answering, Smart Ordering<ref>{{Cite web |title=Restaurant Phone Ordering |url=https://www.soundhound.com/voice-ai-products/restaurant-phone-ordering/ |access-date=2023-06-26 |website=SoundHound |language=en-US}}</ref>, and Dynamic Interaction™<ref>{{Citation |title=SoundHound Dynamic Interaction |url=https://www.youtube.com/watch?v=5WLYH1qHfq8 |access-date=2023-06-26 |language=en}}</ref>, a real-time, multimodal customer service interface. Along with SoundHound Chat AI<ref>{{Cite web |title=SoundHound Chat AI |url=https://www.soundhound.com/soundhound-chat-ai/ |access-date=2023-06-26 |website=SoundHound |language=en-US}}</ref>, a powerful voice assistant with integrated Generative AI, SoundHound powers millions of products and services, and processes billions of interactions<ref>{{Cite web |title=SoundHound AI Reports Strong Q4 Revenue, Up 84% Year-Over-Year - SoundHound AI |url=https://investors.soundhound.com/news-releases/news-release-details/soundhound-ai-reports-strong-q4-revenue-84-year-over-year/ |access-date=2023-06-26 |website=investors.soundhound.com |language=en}}</ref> each year for world class businesses. The company’s headquarters are in [[Santa Clara, California|Santa Clara]], [[California]].<ref>{{cite news|last1=May|first1=Patrick|title=Siri's got nothing on SoundHound's new app|url=http://www.siliconbeat.com/2015/06/03/siris-got-nothing-on-soundhounds-new-app/?doing_wp_cron=1456852623.0633099079132080078125|accessdate=March 1, 2016|publisher=The Mercury News|date=June 3, 2013}}</ref>
'''SoundHound AI, Inc.''' is a leading voice [[Artificial intelligence|AI]] company, founded in 2005<ref>{{Cite web |title=About SoundHound |url=https://www.soundhound.com/about/ |access-date=2023-06-26 |website=SoundHound |language=en-US}}</ref>. SoundHound’s independent voice AI platform connects people to brands through customized conversational experiences that voice-enable products, services, and apps. While in stealth, SoundHound created a popular music discovery app<ref>{{Cite web |title=SoundHound - Music Discovery - Apps on Google Play |url=https://play.google.com/store/apps/details?id=com.melodis.midomiMusicIdentifier.freemium&hl=en_US |access-date=2023-06-26 |website=play.google.com |language=en-US}}</ref> before launching the SoundHound voice platform in 2015, built on the company's breakthrough Speech-to-Meaning® and Deep Meaning Understanding® technologies<ref>{{Cite web |date=2015-06-02 |title=SoundHound Inc. Introduces Hound, Unprecedented Speech Recognition + Natural Language Understanding, and the Houndify Developer Platform |url=https://www.businesswire.com/news/home/20150602006172/en/SoundHound-Inc.-Introduces-Hound-Unprecedented-Speech-Recognition-Natural-Language-Understanding-and-the-Houndify-Developer-Platform |access-date=2023-06-26 |website=www.businesswire.com |language=en}}</ref>. Using this proprietary technology, SoundHound’s voice AI delivers speed and accuracy in numerous languages<ref>{{Cite web |title=Languages |url=https://www.soundhound.com/voice-ai-products/languages/ |access-date=2023-06-26 |website=SoundHound |language=en-US}}</ref> to product creators across automotive, TV, and IoT, and to customer service industries via groundbreaking AI-driven products like Smart Answering, Smart Ordering<ref>{{Cite web |title=Restaurant Phone Ordering |url=https://www.soundhound.com/voice-ai-products/restaurant-phone-ordering/ |access-date=2023-06-26 |website=SoundHound |language=en-US}}</ref>, and Dynamic Interaction™<ref>{{Citation |title=SoundHound Dynamic Interaction |url=https://www.youtube.com/watch?v=5WLYH1qHfq8 |access-date=2023-06-26 |language=en}}</ref>, a real-time, multimodal customer service interface. Along with SoundHound Chat AI<ref>{{Cite web |title=SoundHound Chat AI |url=https://www.soundhound.com/soundhound-chat-ai/ |access-date=2023-06-26 |website=SoundHound |language=en-US}}</ref>, a powerful voice assistant with integrated Generative AI, SoundHound powers millions of products and services, and processes billions of interactions<ref>{{Cite web |title=SoundHound AI Reports Strong Q4 Revenue, Up 84% Year-Over-Year - SoundHound AI |url=https://investors.soundhound.com/news-releases/news-release-details/soundhound-ai-reports-strong-q4-revenue-84-year-over-year/ |access-date=2023-06-26 |website=investors.soundhound.com |language=en}}</ref> each year for world class businesses. The company’s headquarters are in [[Santa Clara, California|Santa Clara]], [[California]].<ref>{{cite news|last1=May|first1=Patrick|title=Siri's got nothing on SoundHound's new app|url=http://www.siliconbeat.com/2015/06/03/siris-got-nothing-on-soundhounds-new-app/?doing_wp_cron=1456852623.0633099079132080078125|accessdate=March 1, 2016|publisher=The Mercury News|date=June 3, 2013}}</ref>


==History==
==History==

Revision as of 18:48, 26 June 2023

Not to be confused with SoundCloud.

SoundHound AI, Inc.
Company typePublic company
Nasdaq: SOUN
Industry
FoundedSeptember 2005; 19 years ago (2005-09)
Founder
HeadquartersSanta Clara, California, United States
Key people
Keyvan Mohajer (CEO)
Mike Zagorsek (COO)
Tim Stonehocker (CTO)
Products
  • SoundHound
  • Hound
  • Houndify
RevenueIncrease US$31 million (2022)
Number of employees
430 (2022)
Websitesoundhound.com
Footnotes / references
[1]

SoundHound AI, Inc. is a leading voice AI company, founded in 2005[2]. SoundHound’s independent voice AI platform connects people to brands through customized conversational experiences that voice-enable products, services, and apps. While in stealth, SoundHound created a popular music discovery app[3] before launching the SoundHound voice platform in 2015, built on the company's breakthrough Speech-to-Meaning® and Deep Meaning Understanding® technologies[4]. Using this proprietary technology, SoundHound’s voice AI delivers speed and accuracy in numerous languages[5] to product creators across automotive, TV, and IoT, and to customer service industries via groundbreaking AI-driven products like Smart Answering, Smart Ordering[6], and Dynamic Interaction™[7], a real-time, multimodal customer service interface. Along with SoundHound Chat AI[8], a powerful voice assistant with integrated Generative AI, SoundHound powers millions of products and services, and processes billions of interactions[9] each year for world class businesses. The company’s headquarters are in Santa Clara, California.[10]

History

The company was founded in 2005 by Keyvan Mohajer, an Iranian-Canadian computer scientist who had founded a number of dot com ventures before starting SoundHound.[11]

In 2009, the company's Midomi app was rebranded as SoundHound but is still available as a web version on midomi.com.[12][13] In 2012, SoundHound announced it had over 100 million users globally.[14] In 2014, SoundHound became the first music-search product available as a wearable.[15]

In 2015, SoundHound became the first music recognition service shipping in autos, in a partnership with Hyundai, in the new Genesis model.[16]

By May 2016, SoundHound had over 300 million users globally.[17]

In 2018, SoundHound Inc. announced partnerships with Hyundai, Mercedes-Benz, and Honda to provide voice interaction for their products using its Houndify voice AI platform.[18][19][20]

SoundHound won the 2020 Webby Award for Productivity (Voice) in the category Apps, Mobile & Voice.[21] In June of that year, the company announced partnerships with Snap Inc. as the technology behind Voice Scan in the Snapchat app, and Mastercard to voice-enable their new Drive Through solutions.[22][23]

On November 16 2021, SoundHound announced plans to become a public company via a SPAC merger with Archimedes Tech SPAC Partners Co.[24] On April 28, 2022, the combined company SoundHound AI, Inc. went public, listed under the symbol SOUN on the Nasdaq.[25] In 2022, the company laid off 10% of its staff and enforced salary cuts and it was reported that SoundHound raised less than half of what it originally projected in its SPAC merger deal.[26]

Funding

According to an article of June 2015 SoundHound Inc. had raised a total of $40 million in funding from Global Catalyst Partners, Translink Capital, Walden Venture Capital, and other investors.[27] This included $7 million in a Series B funding round the company secured in October 2008, bringing total funds raised to $12 million at that time. The round was led by TransLink Capital with the participation of JAIC America and Series A investor Global Catalyst Partners. In 2009 it attracted additional funding from Larry Marcus at Walden Venture Capital, who had previously invested in music startups Pandora and Snocap. The $4 million funding round was led by Walden Venture Capital VII, with the participation of an unnamed device manufacturer.[28]

In January 2017, the company raised another $75 million in an investment round that included Nvidia, Samsung, Kleiner Perkins Caulfield & Byers, and others.[29]

Announced in May 2018, SoundHound raised $100 million from a funding round led by Tencent and joined by Daimler AG, Hyundai Motors, Midea Group, and Orange S.A.[30] With this funding, the valuation of the company reached $1 billion.[31]

In November 2021, Soundhound first announced the merger Archimedes Tech SPAC Partners Co to go public with $2.1B valuation, then undisclosed investment from Qatar First Bank. Both are expected to close in the first quarter of 2022.[32][33]

See also

References

  1. ^ "SoundHound AI, Inc. 2022 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. March 28, 2023.
  2. ^ "About SoundHound". SoundHound. Retrieved June 26, 2023.
  3. ^ "SoundHound - Music Discovery - Apps on Google Play". play.google.com. Retrieved June 26, 2023.
  4. ^ "SoundHound Inc. Introduces Hound, Unprecedented Speech Recognition + Natural Language Understanding, and the Houndify Developer Platform". www.businesswire.com. June 2, 2015. Retrieved June 26, 2023.
  5. ^ "Languages". SoundHound. Retrieved June 26, 2023.
  6. ^ "Restaurant Phone Ordering". SoundHound. Retrieved June 26, 2023.
  7. ^ SoundHound Dynamic Interaction, retrieved June 26, 2023
  8. ^ "SoundHound Chat AI". SoundHound. Retrieved June 26, 2023.
  9. ^ "SoundHound AI Reports Strong Q4 Revenue, Up 84% Year-Over-Year - SoundHound AI". investors.soundhound.com. Retrieved June 26, 2023.
  10. ^ May, Patrick (June 3, 2013). "Siri's got nothing on SoundHound's new app". The Mercury News. Retrieved March 1, 2016.
  11. ^ "Keyvan Mohajer, Soundhound Inc: Profile and Biography". Bloomberg.com. February 7, 2019. Retrieved December 2, 2020.
  12. ^ Rollison, Damian (January 27, 2010). "Tune identifier SoundHound announces new version with Pandora, tour dates". Venturebeat. Retrieved March 1, 2016.
  13. ^ "Midomi Website". www.midomi.com. Retrieved June 11, 2021.{{cite web}}: CS1 maint: url-status (link)
  14. ^ "SCREENVISION ACTIVATES SOUNDHOUND PARTNERSHIP TO CONNECT MOBILE MOVIEGOERS TO BIG SCREEN ADS | Screenvision". May 13, 2014.
  15. ^ "SoundHound First Music Discovery Service to Be Live on Wearables | Business Wire". www.businesswire.com. March 13, 2015. Retrieved June 5, 2015.
  16. ^ "Hyundai and Kia tap SoundHound to help you identify music in your car". Engadget. Retrieved June 5, 2015.
  17. ^ "SoundHound now lets you use your voice to find music on the road | VentureBeat". May 17, 2016.
  18. ^ "Hyundai Motor Collaborates with SoundHound Inc. to Develop 'Intelligent Personal Agent' Voice-Control Technology". HYUNDAI MOTORS. Retrieved February 9, 2019.
  19. ^ "First-look into a new Infotainment System from Mercedes-Benz, MBUX, powered with voice-enabled AI from SoundHound Inc". MBRDNA. September 14, 2018. Archived from the original on February 9, 2019. Retrieved February 9, 2019.
  20. ^ "Honda R&D Innovations, Inc. | SoundHound Inc. and Honda Partner on Development of a Voice-Enabled AI Assistant". Archived from the original on February 9, 2019. Retrieved February 9, 2019.
  21. ^ Kastrenakes, Jacob (May 20, 2020). "Here are all the winners of the 2020 Webby Awards". The Verge. Retrieved May 22, 2020.
  22. ^ "Snap Inc. Announces New Camera and Augmented Reality Experiences". www.businesswire.com. June 11, 2020. Retrieved November 17, 2020.
  23. ^ "Mastercard Launches Frictionless Retail Technology Solutions to Enable Touchless Economy". mastercardcontentexchange.com. Retrieved November 17, 2020.
  24. ^ "SoundHound Inc., Global Leader in Voice AI Technology, to Become Publicly Traded Through Proposed Merger With Archimedes Tech SPAC Partners Co". www.businesswire.com. November 16, 2021. Retrieved November 16, 2021.
  25. ^ "SoundHound Announces Closing of Business Combination" (Press release). April 27, 2022.
  26. ^ https://www.bizjournals.com/sanjose/news/2022/11/10/soundhound-lays-off-10-of-staff-cuts-pay.html
  27. ^ Winkler, Rolf (June 2, 2015). "SoundHound App Emerges to Take On Apple and Google in Voice Search". Wall Street Journal. Archived from the original on June 12, 2015. Retrieved March 1, 2016.
  28. ^ Wauters, Robin (August 25, 2011). "Music Search Startup SoundHound Partners With Spotify For Instant Streaming". TechCrunch. Retrieved March 1, 2016.
  29. ^ Yeung, Ken (January 31, 2017). "SoundHound raises $75 million to expand access to its Houndify voice-powered platform". VentureBeat.com. VentureBeat. Retrieved January 31, 2017.
  30. ^ Lynley, Matthew (May 3, 2018). "SoundHound has raised a big $100M round to take on Alexa and Google Assistant". TechCrunch. Retrieved September 21, 2018.
  31. ^ Schleifer, Theodore (January 24, 2018). "SoundHound, once just a music-recognition app, is now a billion dollar company". recode. Retrieved September 21, 2018.
  32. ^ "INSERTING and REPLACING SoundHound Inc., Global Leader in Voice AI Technology, to Become Publicly Traded Through Proposed Merger With Archimedes Tech SPAC Partners Co". www.businesswire.com. November 16, 2021. Retrieved January 16, 2022.
  33. ^ "Qatar First Bank invests in US-based voice AI firm, SoundHound - NNR". NewsnReleases. November 28, 2021. Retrieved January 16, 2022.
  • Official website
  • Business data for SoundHound AI, Inc.:
Retrieved from "https://en.wikipedia.org/enwiki/w/index.php?title=SoundHound&oldid=1162055480"