Voice and music recognition firm SoundHound to list on NASDAQ with $2.1bn valuation via SPAC merger

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US-based voice recognition firm SoundHound Inc has entered right into a definitive merger settlement with particular objective acquisition firm, referred to as Archimedes Tech SPAC Partners Co.

The mixed firm will likely be referred to as SoundHound AI, Inc. and it plans to list publicly on the NASDAQ underneath the image SOUN following the closing of the transaction in Q1 of 2022. SoundHound says that the transaction values it at roughly $2.1 billion.

Started in 2005 by a bunch of Stanford graduates, SoundHound first developed a music recognition app, and Shazam rival referred to as ‘SoundHound’, which has been downloaded over 315 million instances worldwide.

In 2015, SoundHound expanded its providing by unveiling voice AI developer platform Houndify, which lets companies throughout numerous industries combine what it calls “intelligent conversational voice assistants” into their merchandise.

In 2016, SoundHound launched Hound, which it describes as “the world’s most advanced voice search and assistant app”. It’s additionally the primary client product to use the corporate’s Proprietary ‘Speech-to-Meaning’ recognition know-how.

Additionally, in 2018, SoundHound, via Houndify, began to let manufacturers and builders license its music search technology to be used inside their software program interfaces, or to entry via voice queries.

SoundHound says that its know-how contains 227 patents granted or pending throughout speech recognition, pure language, machine studying, and extra.

In addition, amongst this patented or patent pending tech are SoundHound’s fingerprinting and music recognition, broadcast and supply identification, lyrics synchronization and sing/hum recognition instruments.

The firm’s know-how can also be at the moment accessible in 22 languages, with extra languages deliberate within the close to future.

Today, SoundHound’s tech powers the voice recognition instruments in merchandise from manufacturers together with Hyundai, Mercedes-Benz, Pandora, Mastercard, Deutsche Telekom, Snap, VIZIO, KIA, Stellantis, and others.

SoundHound says that it processes over 100 million queries per 30 days throughout its ecosystem of product partnerships and that its question quantity doubled within the first half of 2021.

The firm initiatives to exceed 1 billion queries by the tip of the 12 months.


Prior the information of the SPAC merger, SoundHound, already had an “unprecedented industry alliance” in place with over $280 million of “prior investments” from a lot of firms together with Hyundai, Daimler AG / Mercedes-Benz, Samsung, Tencent, NVIDIA, Orange, Korea Telecom, Nomura, Midea, Naver, Line, Cota Capital, Sompo Japan, Walden VC, Kleiner Perkins, Translink Capital, The Private Shares Fund, Global Catalyst Partners, and others.

​​Following completion of the transaction, SoundHound says that it’s going to retain its administration crew, which incorporates Keyvan Mohajer (Founder & CEO), Majid Emami (Co-Founder & VP of Engineering), James Hom (Co-Founder & VP of Products), Michael Zagorsek (COO), Nitesh Sharan (CFO), Tim Stonehocker (CTO), Kamyar Mohajer (VP Corporate Strategy & Expansion), Amir Arbabi (VP Business Development), Angeline Tucker (VP People & Culture), Warren Heit (VP Legal & General Counsel), and Lisa Flattery (VP Marketing).

“This transaction will accelerate our mission to voice-enable the world with conversational intelligence.”

Keyvan Mohajer, SoundHound

Keyvan Mohajer, CEO and Co-Founder, SoundHound, stated:  “We believe voice AI is poised to create the next major disruption in computing. Companies across industries recognize that voice AI is essential to customer retention, brand loyalty, market competitiveness, and future success.

“The growing demand for those companies to own their customer relationships and data have positioned SoundHound as a leading solution for voice assistants globally.

“This transaction will accelerate our mission to voice-enable the world with conversational intelligence.”

“Much like Apple disrupted and revolutionized human-machine interaction via the perfection of touch, SoundHound is poised to disrupt and revolutionize human-machine interaction via voice.”

Eric Ball, Archimedes

Eric Ball, Chairman of Archimedes, added: “Much like Apple disrupted and revolutionized human-machine interaction via the perfection of touch, SoundHound is poised to disrupt and revolutionize human-machine interaction via voice.

“SoundHound, with its breakthrough natural language technology and Collective AI approach, as well as its status as an independent voice AI provider, enables device makers around the world to incorporate conversational AI into their products and join a growing voice AI ecosystem, all while retaining full control of their brand.

“SoundHound is being embraced by an ever-increasing list of industry-leading clients, partners and investors and Archimedes is proud and thrilled to be the one to bring SoundHound to the public market.”


Special Purpose Acquisition Companies have develop into more and more widespread fixture within the music and music know-how sectors this 12 months, from long-time Geffen Records President Neil Jacobson’s $200m IPO in New York, to Anghami’s NASDAQ plans via a SPAC merger.

Reservoir, in the meantime, floated on the NASDAQ via a merger with a SPAC (particular objective acquisition firm) in July.

Elsewhere, in Europe, a SPAC referred to as I2PO launched in July with over $300 million at its disposal.Music Business Worldwide

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