SoundHound

{{short description|American music and speech recognition company}}

{{Infobox company

| name = SoundHound AI, Inc.

| logo = SoundHound AI logo black.jpg

| image = 5400 Betsy Ross Drive.jpg

| image_caption = Headquarters in Santa Clara

| type = Public

| traded_as = {{NASDAQ|SOUN}}

| foundation = {{Start date and age|2005|09}}

| location = Santa Clara, California, United States

| founder = {{ubl|Keyvan Mohajer|Majid Emami|James Hom}}

| key_people = Keyvan Mohajer (CEO)
Mike Zagorsek (COO)
Tim Stonehocker (CTO)
Nitesh Sharan (CFO)
Shawnna DelHierro (CIO)

| industry = {{ubl|Speech Recognition|Mobile Technology}}

| products = {{ubl|SoundHound Chat AI|Smart Answering|Smart Ordering|Dynamic Drive Thru|Voice Commerce Ecosystem}}

| num_employees = 700 (2024)

| homepage = {{URL|soundhound.com}}

| revenue = {{increase}} {{US$|84.7 million|link=yes}} (2024)

| footnotes = {{cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1840856/000184085624000013/soun-20231231.htm |title=SoundHound AI, Inc. 2023 Annual Report (Form 10-K) |date=March 1, 2024 |publisher=U.S. Securities and Exchange Commission}}

}}

SoundHound AI, Inc. (Nasdaq: SOUN) is a voice artificial intelligence (AI) company founded in 2005. It is headquartered in Santa Clara, California. SoundHound provides a voice AI platform that enables businesses to offer customized conversational experiences to consumers.{{cite web |title=Houndify Voice AI Powers a World of Voice-Enabled Products—Project Voice Worldwide 2021 | website=YouTube |url=https://www.youtube.com/watch?v=_WwIMp8X5_0 |access-date=4 October 2024 |date=8 May 2021}}

SoundHound's technologies are used in a variety of voice-enabled products and services, primarily in automotive, TV, IoT, restaurant, customer service, healthcare, finance, and retail industries.{{cite web |title=10-K Annual Report Fri Mar 01 2024 |url=https://last10k.com/sec-filings/soun/0001840856-24-000013.htm |website=Last10K.com |access-date=4 October 2024}} The company holds more than 250 technology patents{{cite web |title=SoundHound Patents – Insights & Stats (Updated 2024) |url=https://insights.greyb.com/soundhound-patents/ |website=Insights;Gate |access-date=4 October 2024}} and supports voice AI in 25 languages.{{cite web |last1=Yu |first1=Jea |title=Is SoundHound Voice AI the Next Big Thing? |url=https://www.theglobeandmail.com/investing/markets/stocks/PATH-N/pressreleases/14053525/is-soundhound-voice-ai-the-next-big-thing/ |website=The Globe and Mail |access-date=4 October 2024 |date=8 February 2023}}

SoundHound offers a range of AI-driven products, including Smart Answering,{{cite web |title=Demo: SoundHound for Restaurants Smart Answering — Never Miss a Call | website=YouTube |url=https://www.youtube.com/watch?v=MzxvcM67mY8 |access-date=4 October 2024 |date=1 May 2023}} Smart Ordering,{{cite web |last1=Lucas |first1=Peter |title=Presto Rolls Out Voice Ordering; SoundHound Integrates Voice Ordering With Oracle's POS |url=https://www.digitaltransactions.net/presto-rolls-out-voice-ordering-soundhound-integrates-voice-ordering-with-oracles-pos/ |website=Digital Transactions |access-date=4 October 2024 |date=5 May 2023}} Dynamic Drive Thru,{{cite web |last1=Godwin |first1=Cody |title=Does the future of drive-thrus look less human? AI software shows off order-taking skills |url=https://www.usatoday.com/videos/tech/2022/12/02/ai-company-shows-off-futuristic-drive-thru-tech/10817935002/ |website=USA TODAY |access-date=4 October 2024 |date=2 December 2022}} Voice Commerce Ecosystem,{{cite web |last1=Seitz |first1=Patrick |title=SoundHound AI Adds On-The-Go Food Ordering To In-Vehicle Voice Assistant |url=https://www.investors.com/news/technology/soundhound-stock-in-vehicle-food-ordering-feature/ |website=Investor’s Business Daily |access-date=15 January 2025 |date=7 January 2025}} and SoundHound Chat AI, a voice assistant incorporating generative AI technology.{{cite web |last1=Martins |first1=Joao |title=New SoundHound Chat AI Platform Uses Generative AI Technology To Boost Voice Assistants |url=https://audioxpress.com/news/new-soundhound-chat-ai-platform-uses-generative-ai-technology-to-boost-voice-assistants |website=audioXpress |access-date=15 January 2025 |date=23 March 2023}}

History

The company was co-founded in 2005 by Keyvan Mohajer, an Iranian-Canadian computer scientist and entrepreneur who specializes in voice AI.{{cite web |last1=Kalinic |first1=Stjepan |title=SoundHound CEO Keyvan Mohajer: Building Technology So Advanced, It Feels Like Magic' |url=https://www.benzinga.com/top-stories/23/12/36242654/soundhound-ceo-keyvan-mohajer-building-technology-so-advanced-it-feels-like-magic |website=Benzinga |access-date=3 October 2024 |date=14 December 2023}}

In 2009, the company's music discovery app Midomi was rebranded as SoundHound, but is still available as a web version on midomi.com.{{cite news|last1=Rollison|first1=Damian|title=Tune identifier SoundHound announces new version with Pandora, tour dates|url=https://venturebeat.com/2010/01/27/tune-identifier-soundhound-announces-version-3-1-with-pandora-tour-dates/|accessdate=1 March 2016|publisher=Venturebeat|date=January 27, 2010}}{{Cite web|title=Midomi Website|url=https://www.midomi.com/|access-date=2021-06-11|website=www.midomi.com}} The app grew from 2 million users in January 2010 to 100 million users in September 2012.{{cite web |last1=Empson |first1=Rip |title=Chasing Shazam, SoundHound Quietly Passes 100M Users, Averaging 200K Downloads/Day |url=https://techcrunch.com/2012/09/20/chasing-shazam-soundhound-quietly-passes-100m-users-averaging-200k-downloadsday/ |website=TechCrunch |access-date=1 October 2024 |date=20 September 2012}}

In 2015, SoundHound became the first music recognition service shipping in cars, in a partnership with Hyundai, in the new Genesis model.{{Cite web|title = Hyundai and Kia tap SoundHound to help you identify music in your car|url = https://www.engadget.com/2014/01/14/hyundai-kia-soundhound-music-tagging/|website = Engadget| date=January 14, 2014 |accessdate =June 5, 2015}}

In December 2015, SoundHound launched a voice AI platform that promised to “add voice-enabled conversational interface to anything,”{{cite web |last1=Ha |first1=Anthony |title=SoundHound Launches Houndify Platform To Add A Voice Interface To Other Apps And Devices |url=https://techcrunch.com/2015/12/15/soundhound-launches-houndify/ |website=TechCrunch |access-date=1 October 2024 |date=15 December 2015}} built on the company's proprietary Speech-to-Meaning® and Deep Meaning Understanding® technologies.{{cite web |title=About SoundHound AI |url=https://www.soundhound.com/about/ |website=soundhound.com |access-date=1 October 2024}}

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.{{Cite press release|url=https://www.hyundai.com/worldwide/en/news/news-room/news/hyundai-motor-collaborates-with-soundhound-inc.-to-develop-%25E2%2580%2598intelligent-personal-agent%25E2%2580%2599-voice-control-technology-0000015645|title=Hyundai Motor Collaborates with SoundHound Inc. to Develop 'Intelligent Personal Agent' Voice-Control Technology|website=HYUNDAI MOTORS|language=en|access-date=February 9, 2019}}{{Cite web|url=http://mbrdna.com/mercedes-benz-new-infotainment-system-mbux/|title=First-look into a new Infotainment System from Mercedes-Benz, MBUX, powered with voice-enabled AI from SoundHound Inc.|date=September 14, 2018|website=MBRDNA|language=en-US|access-date=February 9, 2019|archive-date=February 9, 2019|archive-url=https://web.archive.org/web/20190209123833/http://mbrdna.com/mercedes-benz-new-infotainment-system-mbux/|url-status=dead}}{{Cite press release|url=http://www.hondainnovations.com/news/hondainnovations-soundhound/|title=Honda R&D Innovations, Inc. {{!}} SoundHound Inc. and Honda Partner on Development of a Voice-Enabled AI Assistant|language=en-US|access-date=February 9, 2019|archive-date=February 9, 2019|archive-url=https://web.archive.org/web/20190209123822/http://www.hondainnovations.com/news/hondainnovations-soundhound/|url-status=dead}}

SoundHound won the 2020 Webby Award for Productivity (Voice) in the category Apps, Mobile & Voice.{{cite web |last1=Kastrenakes |first1=Jacob |title=Here are all the winners of the 2020 Webby Awards |url=https://www.theverge.com/2020/5/20/21263445/2020-webby-awards-winners-lil-nas-x-nasa-jon-krasinski |website=The Verge |accessdate=May 22, 2020 |language=en |date=May 20, 2020}}

On November 16, 2021, SoundHound announced plans to become a public company via a SPAC merger with Archimedes Tech SPAC Partners Co.{{Cite web|date=2021-11-16|title=SoundHound Inc., Global Leader in Voice AI Technology, to Become Publicly Traded Through Proposed Merger With Archimedes Tech SPAC Partners Co.|url=https://www.businesswire.com/news/home/20211116005518/en/SoundHound-Inc.-Global-Leader-in-Voice-AI-Technology-to-Become-Publicly-Traded-Through-Proposed-Merger-With-Archimedes-Tech-SPAC-Partners-Co.|access-date=2021-11-16|website=www.businesswire.com|language=en}}

On April 28, 2022, the combined company SoundHound AI, Inc. went public, listed under the symbol SOUN on the Nasdaq.{{cite press release |url=https://www.businesswire.com/news/home/20220427005362/en/SoundHound-Announces-Closing-of-Business-Combination |title=SoundHound Announces Closing of Business Combination |date=27 April 2022}}

{{anchor|Part about layoffs}}In November 2022, the company implemented a 10% workforce reduction and salary adjustments in response to "ongoing economic turmoil across global markets."{{cite web |last1=Singh |first1=Jagmeet |title=SoundHound, the voice AI platform, lays off 10% of staff citing 'challenging market conditions' |url=https://techcrunch.com/2022/11/10/soundhound-layoffs/ |website=TechCrunch |access-date=3 October 2024 |date=10 November 2022}} Reports at the time indicated that SoundHound had secured less than half of the anticipated funds from its SPAC merger.{{Cite web |last=Schubarth |first=Cromwell |date=November 10, 2022 |title=SoundHound is slashing 10% of its staff and cutting the pay of other workers |url=https://www.bizjournals.com/sanjose/news/2022/11/10/soundhound-lays-off-10-of-staff-cuts-pay.html |access-date=2024-05-28 |website=www.bizjournals.com}} In January 2023, the company reduced its workforce by approximately 50%, driven by the need to realign financial strategies and expedite the company's path to profitability amid evolving market conditions.{{Cite web |last=DeGeurin |first=Mack |date=2023-01-13 |title=Voice AI Company SoundHound Lays Off Nearly Half Its Staff and Offers 'Pitiful' Severance |url=https://gizmodo.com/soundhound-lays-off-half-employees-pitiful-severance-1849987534 |access-date=2024-07-19 |website=Gizmodo |language=en-US}}

In April 2023, SoundHound secured $100 million in strategic financing.{{Cite press release |date=2023-04-17 |title=SoundHound AI Secures $100 Million in Strategic Financing From Atlas Credit Partners |url=https://www.businesswire.com/news/home/20230417005377/en/ |access-date=2024-10-06 |website=www.businesswire.com |language=en-US}}

SoundHound's Dynamic Interaction solution was selected as the "Best Use of AI" at the 2023 Automation & Self-Service Awards.{{cite web |last1=Maras |first1=Elliot |title=Self-Service Innovation Summit honors 2023 Automation & Self-Service Award winners |url=https://www.kioskmarketplace.com/articles/self-service-innovation-summit-honors-2023-automation-self-service-award-winners/ |website=Kiosk Marketplace & Vending Times |access-date=9 October 2024 |date=6 December 2023}}

In December 2023, SoundHound acquired SYNQ3 Restaurant Solutions, a provider of voice AI for restaurants, for $25 million.{{Cite web |last=Rossolillo |first=Nicholas |date=2023-12-08 |title=SoundHound AI Bets on the Restaurant Industry -- Is the Stock a Buy Before the End of 2023? |url=https://www.fool.com/investing/2023/12/08/soundhound-ai-bets-on-the-restaurant-industry/ |access-date=2023-12-08 |website=The Motley Fool |language=en}}

In 2023–2024, SoundHound partnered with Jersey Mike's Subs and White Castle to provide voice AI phone ordering and AI-enabled drive-thrus at hundreds of locations.{{cite web |last1=Canham-Clyne |first1=Aneurin |title=Jersey Mike's to use SoundHound's phone AI in at least 50 restaurants |url=https://www.restaurantdive.com/news/jersey-mikes-to-use-soundhounds-phone-ai-in-50-restaurants/705468/ |website=Restaurant Dive |access-date=9 October 2024 |date=25 January 2024}}{{cite web |last1=David |first1=Emilia |title=White Castle will bring more AI to its drive-thrus |url=https://www.theverge.com/2023/8/2/23817406/white-castle-soundhound-ai-sliders |website=The Verge |access-date=9 October 2024 |date=2 August 2023}} The company's customer base also includes Casey's General Stores, Chipotle, Applebee's, Church's Texas Chicken®, Noodles & Company, Habit Burger, Beef O'Brady's, and Torchy's Tacos.{{cite web |title=SoundHound AI Eclipses 100 Million Interactions in Restaurant Phone Orders |url=https://www.qsrmagazine.com/news/soundhound-ai-eclipses-100-million-interactions-in-restaurant-phone-orders/ |website=QSR Magazine |access-date=1 November 2024 |date=31 October 2024}}{{cite web |last1=Canham-Clyne |first1=Aneurin |title=Torchy's Tacos deploys phone AI ordering |url=https://www.restaurantdive.com/news/torchys-tacos-adds-soundhounds-phone-ai/734759/ |website=Restaurant Dive |access-date=20 January 2025 |date=5 December 2024}}{{cite web |last1=Canham-Clyne |first1=Aneurin |title=Church's Texas Chicken turns to drive-thru AI |url=https://www.restaurantdive.com/news/churchs-texas-chicken-deploys-soundhound-drive-thru-ai/735282/ |website=Restaurant Dive |access-date=20 January 2025 |date=11 December 2024}} In October 2024, SoundHound's phone ordering technology has reached a milestone, processing over 100 million interactions with restaurant customers, facilitating food orders valued at hundreds of millions of dollars.{{cite web |title=SoundHound AI Eclipses 100 Million Interactions in Restaurant Phone Orders |url=https://www.qsrmagazine.com/news/soundhound-ai-eclipses-100-million-interactions-in-restaurant-phone-orders/ |website=QSR Magazine |access-date=1 November 2024 |date=31 October 2024}}

In June 2024, SoundHound acquired Allset, a restaurant ordering marketplace founded out of Ukraine.{{cite web |last1=David |first1=Emilia |title=SoundHound buys Allset to bring AI voice ordering to more drive-throughs |url=https://venturebeat.com/ai/soundhound-buys-allset-to-bring-ai-voice-ordering-to-more-drive-throughs/ |website=VentureBeat |access-date=15 January 2025 |date=20 June 2024}}

During 2024, SoundHound introduced its voice AI assistant in Peugeot, Opel, Vauxhall, Alfa Romeo, Citroën, and Lancia vehicles across Europe.{{cite web |last1=Vogenthaler |first1=Ashlee |title=SoundHound (SOUN) Drives Forward and Expands Chat AI Feature in Peugeot, Opel, and Vauxhall Vehicles Throughout Europe |url=https://prismmarketview.com/soundhound-soun-drives-forward-and-expands-chat-ai-feature-in-peugeot-opel-and-vauxhall-vehicles-throughout-europe/ |website=Prism MarketView |access-date=30 September 2024 |date=11 July 2024}}{{cite web |last1=Gibbs |first1=Nick |title=Stellantis adds ChatGPT connection to more models |url=https://www.autonews.com/mobility-report/stellantis-adding-ai-voice-systems-more-models |website=Automotive News |access-date=30 September 2024 |date=8 September 2024}}{{cite web |last1=Lampinen |first1=Megan |title=Stellantis doubles down on AI digital assistant |url=https://www.automotiveworld.com/articles/stellantis-doubles-down-on-ai-digital-assistant/ |website=Automotive World |access-date=29 October 2024 |date=17 October 2024}}

In August 2024, SoundHound acquired Amelia AI for $85 million, focusing on increasing its presence in the financial services, insurance, healthcare, retail, and hospitality sectors.{{cite web |title=SoundHound Expands Reach of Conversational AI Offering With Amelia Acquisition |url=https://www.pymnts.com/acquisitions/2024/soundhound-expands-reach-conversational-ai-offering-with-amelia-acquisition/ |website=PYMNTS |access-date=15 January 2025 |date=8 August 2024}} Following this, Amelia powered MUSC Health's new AI agent for patient appointment management{{cite web |last1=Brooks |first1=Steve |title=MUSC Health deploys AI Agent Emily to improve patient satisfaction |url=https://www.enterprisetimes.co.uk/2024/08/28/musc-health-deploys-ai-agent-emily-to-improve-patient-satisfaction/ |website=Enterprise Times |access-date=11 October 2024 |date=28 August 2024}} and received the XCelent Advanced Technology 2024 Award for Retail Banking Solutions.{{cite web |title=SoundHound AI's Amelia Wins XCelent Advanced Technology 2024 Award for Retail Banking Solutions |url=https://www.businesswire.com/news/home/20241010806606/en/SoundHound-AI%E2%80%99s-Amelia-Wins-XCelent-Advanced-Technology-2024-Award-for-Retail-Banking-Solutions |website=www.businesswire.com |access-date=11 October 2024 |date=10 October 2024}} In December 2024, Amelia platform has been named a Leader in the 2024 Frost Radar™: Enterprise Conversational AI in Healthcare.{{cite web |title=SoundHound AI's Amelia Platform Recognized as Frost Radar™ Leader in Enterprise Conversational AI in Healthcare 2024 |url=https://www.soundhound.com/newsroom/press-releases/soundhound-ais-amelia-platform-recognized-as-frost-radar-leader-in-enterprise-conversational-ai-in-healthcare-2024 |website=soundhound.com |access-date=13 December 2024 |date=12 December 2024}} In May 2025, SoundHound announced its partnership with Allina Health and deployment of an AI agent for patient engagement, powered by its Amelia conversational AI platform.{{cite web |title=SoundHound Partners with Allina Health |url=https://www.speechtechmag.com/Articles/News/Speech-Technology-News/SoundHound-Partners-with-Allina-Health-169752.aspx |website=SpeechTechMag.com |access-date=30 May 2025 |date=30 May 2025}}

In October 2024, SoundHound won the “Overall Connected Solution of the Year” award in 2024 AutoTech Breakthrough Awards Program for its Chat AI solution, an in-vehicle voice assistant with integrated generative AI technology.{{cite web |title=2024 WINNERS |url=https://autotechbreakthrough.com/2024-winners/ |website=AutoTech Breakthrough Awards |access-date=11 October 2024}}

In November 2024, SoundHound integrated its voice AI into Kia vehicles in India, including support for the Hindi language.{{cite web |title=SoundHound AI Delivers "Hey Kia" Voice AI Experience To India As Part of Kia Connect |url=https://www.businesswireindia.com/soundhound-ai-delivers-hey-kia-voice-ai-experience-to-india-as-part-of-kia-connect-92498.html |website=www.businesswireindia.com |access-date=15 November 2024 |date=15 November 2024}}

In January 2025, SoundHound announced that Lucid has launched the Lucid Assistant powered by SoundHound Chat AI.{{cite web |title=SoundHound Launches AI Pact With EV-Maker Lucid |url=https://www.pymnts.com/news/artificial-intelligence/2025/soundhound-launches-ai-pact-with-electric-vehicle-maker-lucid/ |website=PYMNTS |access-date=3 January 2025 |date=2 January 2025}}

At CES 2025 in Las Vegas, SoundHound introduced an in-vehicle voice commerce platform with a demo. The platform is designed to enable drivers and passengers to place takeout orders for pick-up through the car's infotainment system.{{cite web |last1=Seitz |first1=Patrick |title=SoundHound AI Adds On-The-Go Food Ordering To In-Vehicle Voice Assistant |url=https://www.investors.com/news/technology/soundhound-stock-in-vehicle-food-ordering-feature/ |website=Investor’s Business Daily |access-date=15 January 2025 |date=7 January 2025}}

Later in January 2025, SoundHound announced a partnership with Rekor Systems to integrate SoundHound's voice and conversational AI with Rekor's vehicle recognition software, Rekor Scout®, enabling hands-free functionality for automatic license plate recognition (ALPR) and other vehicle systems.{{cite web |title=Rekor partners with SoundHound AI to develop safety-focused audiovisual AI for emergency vehicles |url=https://safecarnews.com/rekor-partners-with-soundhound-ai-to-develop-safety-focused-audiovisual-ai-for-emergency-vehicles/ |website=Safe Car News |access-date=22 January 2025 |date=21 January 2025}}

In February 2025, SoundHound introduced brand personalities for its Chat AI automotive voice assistant, allowing car manufacturers to create unique voice identities for their vehicles.{{cite web |title=SoundHound Adds Brand Personalities to Chat AI Automotive |url=https://www.speechtechmag.com/Articles/News/Speech-Technology-News/SoundHound-Adds-Brand-Personalities-to-Chat-AI-Automotive-167920.aspx |website=Speech Technology Magazine |access-date=7 February 2025 |date=6 February 2025}}

In March 2025, SoundHound participated in Nvidia GTC 2025 and announced a partnership with Nvidia to improve the performance and scalability of its voice assistant technology using Nvidia AI Enterprise.{{cite web |title=SoundHound AI Delivers Faster, Smarter Voice Assistants At Scale with NVIDIA AI Enterprise |url=https://finance.yahoo.com/news/soundhound-ai-delivers-faster-smarter-130400883.html |website=Yahoo Finance |access-date=24 March 2025 |date=19 March 2025}}

In April 2025, SoundHound AI was recognized as a market leader for AIOps by ISG Research, highlighting its advancements in artificial intelligence operations.{{cite web |title=SoundHound AI Named a Market Leader for AIOps by ISG Research |url=https://www.martechcube.com/soundhound-ai-named-a-market-leader-for-aiops-by-isg-research/ |website=MarTech Cube |access-date=18 April 2025 |date=17 April 2025}} Later that month, SoundHound AI announced a partnership with Tencent Intelligent Mobility to integrate its voice AI technology into intelligent cockpits for global automotive brands.{{cite web |title=SoundHound AI partners with Tencent to enhance in-vehicle voice AI globally |url=https://www.just-auto.com/news/soundhound-ai-tencent-voice/ |website=Just-auto.com |access-date=24 April 2025 |date=23 April 2025}}

In May 2025, SoundHound AI announced the launch of Amelia 7.0, a platform that enables businesses to deploy autonomous AI agents capable of performing complex tasks through natural voice interactions.{{cite web |title=SoundHound Releases Amelia 7.0 |url=https://www.speechtechmag.com/Articles/News/Speech-Technology-News/SoundHound-Releases-Amelia-7.0-169414.aspx |website=Speech Technology Magazine |access-date=9 May 2025 |date=8 May 2025}} In the same quarter, the company reported a record revenue of $29.1 million, a 151% increase from the previous year, with no single customer contributing more than 10% of total revenue, indicating a diversified client base.{{cite web |title=SoundHound AI Reports Record First Quarter, Up 151% With $29.1 Million in Revenue |url=https://finance.yahoo.com/news/soundhound-ai-reports-record-first-201100557.html |website=Yahoo Finance |access-date=9 May 2025 |date=8 May 2025}}

Funding and Nasdaq listing

According to a June 2015 article, SoundHound Inc. had raised a total of $40 million in funding with investments from Global Catalyst Partners, Translink Capital, Walden Venture Capital, and others.{{cite news|url=https://blogs.wsj.com/digits/2015/06/02/soundhound-app-emerges-to-take-on-apple-and-google-in-voice-search/|title=SoundHound App Emerges to Take On Apple and Google in Voice Search|date=June 2, 2015|publisher=Wall Street Journal|archive-url=https://web.archive.org/web/20150612042040/https://blogs.wsj.com/digits/2015/06/02/soundhound-app-emerges-to-take-on-apple-and-google-in-voice-search/|archive-date=2015-06-12|last1=Winkler|first1=Rolf|access-date=March 1, 2016|url-status=dead}} 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.{{Cite web |last=Staff |first=V. C. J. |date=2008-10-08 |title=Melodis Adds $7 Million |url=https://www.venturecapitaljournal.com/melodis-adds-7-million/ |access-date=2023-11-07 |website=Venture Capital Journal |language=en-US}} In 2009, SoundHound 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.{{cite news|last1=Wauters|first1=Robin|title=Music Search Startup SoundHound Partners With Spotify For Instant Streaming|url=https://techcrunch.com/2011/08/25/music-search-startup-soundhound-partners-with-spotify-for-instant-streaming/|accessdate=1 March 2016|publisher=TechCrunch|date=August 25, 2011}}

In January 2017, the company raised another $75 million in an investment round that included Nvidia, Samsung, Kleiner Perkins Caulfield & Byers, and others.{{Cite web|url=https://venturebeat.com/2017/01/31/soundhound-raises-75-million-to-expand-access-to-its-houndify-voice-powered-platform/|title=SoundHound raises $75 million to expand access to its Houndify voice-powered platform|last=Yeung|first=Ken|date=January 31, 2017|website=VentureBeat.com|publisher=VentureBeat|access-date=January 31, 2017}}

As of January 2018, the valuation of the company had reached $1 billion.{{Cite web|url=https://www.recode.net/2018/1/24/16930330/soundhound-billion-unicorn-fundraising-shazam-music-recognition-app|title=SoundHound, once just a music-recognition app, is now a billion dollar company|last=Schleifer|first=Theodore|date=January 24, 2018|publisher=recode|access-date=September 8, 2023|archiveurl=https://web.archive.org/web/20180125040259/https://www.recode.net/2018/1/24/16930330/soundhound-billion-unicorn-fundraising-shazam-music-recognition-app|archivedate=January 25, 2018}} 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.{{Cite web|url=https://techcrunch.com/2018/05/03/soundhound-has-raised-a-big-100m-round-to-take-on-alexa-and-google-assistant/|title=SoundHound has raised a big $100M round to take on Alexa and Google Assistant|last=Lynley|first=Matthew|date=2018-05-03|publisher=TechCrunch|access-date=September 21, 2018}}

In November 2021, SoundHound first announced the merger with Archimedes Tech SPAC Partners Co to go public with $2.1B valuation, with $111 million of investments from Oracle, Qatar First Bank, Koch Industries, and MKaNN Ventures, Cota Capital, VIZIO, HTC, FIH Mobile (a Foxconn Technology Group company), and others. The transaction closed in April 2022.{{Cite press release|date=2021-11-16|title=INSERTING and REPLACING SoundHound Inc., Global Leader in Voice AI Technology, to Become Publicly Traded Through Proposed Merger With Archimedes Tech SPAC Partners Co.|url=https://www.businesswire.com/news/home/20211116005518/en/|access-date=2022-01-16|website=www.businesswire.com|language=en}}{{Cite press release|date=2021-11-28|title=Qatar First Bank invests in US-based voice AI firm, SoundHound - NNR|url=https://newsnreleases.com/2021/11/28/qatar-first-bank-invests-in-us-based-voice-ai-firm-soundhound/|access-date=2022-01-16|website=NewsnReleases|language=en-US}}

In February 2025, Nvidia disclosed in a regulatory filing that it had sold its stake in SoundHound.{{cite web |last1=Singh |first1=Jaspreet |title=Nvidia cuts stake in Arm Holdings, discloses position in China's WeRide |url=https://www.reuters.com/technology/nvidia-cuts-stake-arm-holdings-invests-chinas-weride-2025-02-14/ |website=Reuters |access-date=24 February 2025 |date=14 February 2025}} Later in March 2025, SoundHound participated in Nvidia GTC 2025 and announced an expanded collaboration with Nvidia, integrating Nvidia AI Enterprise.{{cite web |title=SoundHound AI Delivers Faster, Smarter Voice Assistants At Scale with NVIDIA AI Enterprise |url=https://finance.yahoo.com/news/soundhound-ai-delivers-faster-smarter-130400883.html |website=Yahoo Finance |access-date=24 March 2025 |date=19 March 2025}}