It is an artificial intelligence-supported platform that develops voice interfaces. SoundHoundannounced that it has made a new acquisition. According to the information provided by SoundHound, the startup is a company that offers corporate artificial intelligence software. Amelia AIBought .
According to the purchase agreement between SoundHound and Amelia AI, SoundHound 80 million dollars will pay. in 1998 Chetan Dube ve Michael Bordash Let’s also add that Amelia AI, founded in New York by , has raised $175 million in investment to date.
SoundHound will also assume Amelia’s debt as part of the deal. Upon completion of the deal, the company is expected to have $160 million in cash and $39 million in debt.
Among the users of Amelia AI are important brands such as BNP Paribas, Teva and Fujitsu. According to the information provided by SoundHound, the company offers its customers To be able to offer artificial intelligence solutions in less time carried out the acquisition of Amelia AI on behalf of
According to SoundHound’s statements, the company is working with Amelia AI. Serving more than 200 companies in total will give. These companies include large banks and Fortune 500 companies. SoundHound also announced that it aims to generate $150 million in revenue by 2025. $45 million of the $150 million revenue will come from Amelia AI.
J in 2005ames Hom, Keyvan Mohajer and Majid Emami Founded by SoundHound, it serves as an artificial intelligence company focusing on audio technologies. SoundHound, which develops voice interface technology for its customers, has over $450 million investment collected.
Let us also share that SoundHound made a public offering through the SPAC method in 2021. SoundHound’s shares rose after the acquisition news 18 percent increase showed.
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