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SoundHound AI Named Leader in The Aragon Research Globe™ for Agent Platforms 2026
Globenewswire· 2026-03-26 13:03
Company’s technology highlighted for its omnichannel AI agent platform, advanced conversational AI capabilities, and enterprise automation across industriesSANTA CLARA, Calif., March 26, 2026 (GLOBE NEWSWIRE) -- SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice and conversational AI, today announced it has been named as a leader in the The Aragon Research Globe™ for Agent Platforms 2026 report by Aragon Research, Inc. SoundHound AI’s next-generation agentic AI platform enables enterprises to depl ...
SoundHound AI Announces CFO Transition
Globenewswire· 2026-03-18 20:05
Core Insights - SoundHound AI, a leader in voice and conversational AI, announced the departure of CFO Nitesh Sharan, who will leave on April 3, 2026, to take a role in the quantum computing sector [1] - Co-founder James Hom will step in as interim CFO while the company searches for a permanent replacement [1] - Sharan will assist in the transition as an advisor, and his tenure saw an eight-fold increase in revenue, contributing to a strong financial foundation for the company [2] Company Overview - SoundHound AI specializes in voice and conversational AI solutions, enhancing customer experiences across various industries including retail, financial services, healthcare, automotive, smart devices, and restaurants [3] - The company’s technology supports millions of products and services, processing billions of interactions annually, with notable products like Smart Answering, Smart Ordering, and the Amelia Platform [3]
Experis Launches AI Services Suite, Partnering with SoundHound AI to Help Enterprises Put Humans and Agents to Work Together
Prnewswire· 2026-03-17 13:32
Core Insights - Experis has launched the EXCELERATE AI portfolio, aimed at helping organizations build, implement, and manage AI agents at scale, in partnership with SoundHound AI [2][3][4] Company Overview - Experis is part of the ManpowerGroup family and is recognized as a global leader in technology services, focusing on bridging the gap between innovation and business impact [8][12] - SoundHound AI is a leader in voice and conversational AI, providing solutions that enhance customer experiences across various industries [10][12] Strategic Partnership - The collaboration between Experis and SoundHound AI combines Experis's consulting and implementation expertise with SoundHound's advanced conversational AI technology, facilitating the deployment of enterprise-grade AI solutions [4][7][12] - This partnership will initially target industries such as healthcare, financial services, and retail, modernizing service delivery and enhancing operational efficiency [5][11] AI Implementation Focus - The EXCELERATE AI portfolio emphasizes the integration of human expertise with AI solutions, promoting a "Humans First, Digital Always" approach to AI transformation [6][11] - The partnership aims to help organizations achieve faster time-to-value through disciplined AI activation and implementation, ultimately driving operational value [7][12] Market Demand - There is a growing eagerness among enterprises to move beyond experimentation with AI and to deploy solutions that deliver measurable impact [6][7]
SoundHound AI Unveils World's First Multimodal Agentic+ AI Completely on the Edge at NVIDIA GTC 2026
Globenewswire· 2026-03-16 13:03
Core Insights - SoundHound AI, Inc. announced its participation in NVIDIA GTC 2026, showcasing the world's first multimodal, multilingual, fully Agentic+ AI platform operating entirely on the edge, which presents new opportunities for OEMs [1][4] Company Overview - SoundHound AI is a global leader in voice and conversational AI, providing solutions that enhance customer experiences across various sectors including retail, financial services, healthcare, automotive, telecom, smart devices, and restaurants [5] - The company's proprietary technology delivers high-speed and accurate voice AI capabilities in multiple languages, powering millions of products and processing billions of interactions annually for leading businesses [5] Technological Advancements - The new platform allows for localizing the agentic stack within vehicle architecture, enabling vehicles to function as proactive partners that can see, hear, and reason locally, ensuring 100% uptime and enhanced user privacy [2] - The Agentic+ platform is compatible with multiple protocols, facilitating the integration of self-built, pre-built, and external agents to operate locally within a single interface [6] Event Highlights - Attendees at NVIDIA GTC can expect hands-on demonstrations of how automakers and developers can easily build and deploy AI agents on the edge, showcasing the platform's capabilities in controlling vehicle functions and providing navigational assistance without remote server access [6] - The integration of Vision AI capabilities into the conversational flow allows vehicles to understand their environment, offering context-aware assistance while maintaining security in offline settings [6]
SoundHound AI Unveils World’s First Multimodal Agentic+ AI Completely on the Edge at NVIDIA GTC 2026
Globenewswire· 2026-03-16 13:03
Core Insights - SoundHound AI, a leader in voice and conversational AI, is showcasing its groundbreaking multimodal, multilingual Agentic+ platform at NVIDIA GTC 2026, which operates entirely on-device, enhancing user privacy and response speed [1][4]. Group 1: Product Features - The Agentic+ platform allows for localizing the agentic stack within vehicle architecture, enabling vehicles to function as proactive partners that can see, hear, and reason locally, ensuring 100% uptime and fast responses [2]. - The platform supports multiple protocols, allowing a mix of self-built, pre-built, and external agents to work together locally within a single interface, facilitating the development and deployment of AI agents [6]. - SoundHound's Vision AI capabilities are integrated into the conversational flow, enabling vehicles to understand their environment and provide context-aware assistance, such as identifying landmarks and responding to driver gestures [6]. Group 2: Market Position and Impact - SoundHound AI's technology delivers best-in-class speed and accuracy in various languages, serving industries such as retail, financial services, healthcare, automotive, telecom, smart devices, and restaurants [5]. - The company's AI-driven products, including Smart Answering and Smart Ordering, have powered millions of products and services, processing billions of interactions annually for world-class businesses [5].
SoundHound AI Reports Record Annual Revenue of $169 Million, Up Nearly 100%, Forecasts Strong Growth
Globenewswire· 2026-02-26 21:06
Core Insights - SoundHound AI, Inc. reported a record number of enterprise deals in Q4 2025, positioning itself as a leading partner for businesses amid the disruption of traditional software and services [4][6] - The company experienced significant growth in revenue and key profit metrics, driven by increased demand for enterprise-grade AI solutions [4][6] Financial Highlights - Q4 2025 revenue reached $55.1 million, a 59% increase year-over-year [7][15] - Full year 2025 revenue was $168.9 million, marking a 99% increase year-over-year [7][16] - Q4 GAAP gross margin was 47.9%, while non-GAAP gross margin was 60.5% [7][15] - Full year GAAP gross margin was 42.4%, and non-GAAP gross margin was 58.0% [7][16] - Q4 GAAP net income was $40.1 million, with a non-GAAP net loss of $7.3 million [7][15] - Full year GAAP net loss was $14.0 million, and non-GAAP net loss was $53.9 million [7][16] Business Developments - The company signed a new prominent OEM in Japan with a seven-digit unit commitment and closed a deal with a new Korean OEM [8] - SoundHound expanded its partnerships with various automotive manufacturers, including a major American automaker and several global brands [13] - The company enhanced its voice commerce capabilities by adding new merchants and expanding its ecosystem [13] Liquidity and Cash Flow - As of December 31, 2025, SoundHound had total cash and cash equivalents of $248 million with no debt [18] - The net cash used in operating activities for the year was $98.2 million, while net cash provided by financing activities was $208.1 million [19] Business Outlook - The revenue outlook for full year 2026 is projected to be between $225 million and $260 million [20]
SoundHound AI Establishes New Innovation Hub in Bengaluru to Accelerate Global Agentic AI Expansion
Globenewswire· 2026-02-25 14:03
Core Insights - SoundHound AI, Inc. has opened a new innovation hub in Bengaluru, India, marking a significant milestone in its global expansion of agentic AI technology [1][2] - The Bengaluru hub is positioned to drive the next wave of innovation for SoundHound, coinciding with India's emergence as a global AI powerhouse [2] - SoundHound's technology enables seamless collaboration of AI agents across various customer touchpoints, powering millions of products and services worldwide [3][6] Company Expansion - The new office in Bengaluru adds to SoundHound's global footprint, which includes locations in major cities such as Beijing, Berlin, New York, and Toronto [4] - The Bengaluru hub is described as an innovation center aimed at enhancing human-to-AI interaction, reflecting the region's focus on digital transformation and intelligent automation [5] Industry Context - The opening of the Bengaluru hub aligns with the historic momentum of the Indian technology sector, reinforcing the country's role in the global AI landscape [2] - SoundHound's enterprise-grade solutions span multiple industries, including retail, healthcare, and automotive, showcasing its versatility and broad market reach [3][6]
SoundHound to Post Q4 Earnings: Buy, Sell or Hold the Stock?
ZACKS· 2026-02-24 18:01
Core Insights - SoundHound AI, Inc. (SOUN) is set to report its fourth-quarter 2025 results on February 26, 2026, after market close [1] Financial Performance - In the last reported quarter, SoundHound achieved a revenue increase of 68% year over year, reaching $42 million, surpassing the Zacks Consensus Estimate by 4.9% [2] - The company raised its 2025 revenue outlook to a range of $165 million to $180 million, indicating confidence in sustained growth [2] - Non-GAAP gross margin was reported at 59.3%, supported by operational efficiencies and proprietary model usage [3] - The company reported a non-GAAP net loss of 3 cents per share, which was narrower than the Zacks Consensus Estimate of a loss of 4 cents [3] Future Estimates - The Zacks Consensus Estimate for the fourth-quarter bottom line remains unchanged at a loss of 2 cents per share, compared to a loss of 69 cents per share a year ago [6] - For 2026, revenues are expected to increase by 38.3% year over year to $232.2 million, with an anticipated improvement in the bottom line to a loss of 6 cents per share from an estimated loss of 13 cents for 2025 [7] Market Position and Competition - SoundHound operates in a competitive voice and conversational AI market, facing challenges from established players like Nuance Communications, Cerence Inc., and NICE Ltd. [25] - The competitive landscape is characterized by pricing and platform competition, particularly from Nuance's enterprise and healthcare AI solutions [25] Valuation and Investment Outlook - SOUN shares are currently considered slightly overvalued, trading at a forward 12-month price-to-sales (P/S) ratio of 13.73, higher than the Zacks Computers - IT Services industry average [26] - Despite strong revenue momentum and a solid liquidity position of $269 million in cash with no debt, ongoing automotive market softness and elevated investments may pressure near-term profitability [27][28]
SoundHound AI To Report 2025 Fourth Quarter and Full Year Financial Results, Host Conference Call and Webcast on February 26
Globenewswire· 2026-02-10 21:10
Core Insights - SoundHound AI, Inc. will report its 2025 fourth quarter and full year financial results on February 26, 2026, after market close [2] - A conference call and webcast will be hosted by CEO Keyvan Mohajer and CFO Nitesh Sharan on the same day at 2:00 p.m. PT / 5:00 p.m. ET [3] Company Overview - SoundHound AI is a global leader in voice and conversational AI, providing solutions that enhance customer experiences across various industries [3] - The company's proprietary technology delivers high-speed and accurate voice AI solutions in multiple languages for sectors including retail, financial services, healthcare, automotive, smart devices, and restaurants [3] - Key products include Smart Answering, Smart Ordering, Dynamic Drive-Thru, and the Amelia Platform, which supports AI Agents for enterprises [3] - SoundHound's Agentic AI for Automotive and Autonomics automates IT processes, enabling the company to power millions of products and services and process billions of interactions annually for leading businesses [3]
Five Guys Extends Partnership with SoundHound AI
Globenewswire· 2026-01-28 14:03
Core Insights - SoundHound AI has expanded its partnership with Five Guys, enhancing the use of AI-powered ordering agents that have already managed over one million customer interactions [3][4]. Company Overview - SoundHound AI, Inc. is a leader in voice and conversational AI, providing solutions that improve customer experiences across various industries, including restaurants [8]. - The company’s technology is designed to deliver high-speed and accurate voice AI services in multiple languages, catering to diverse sectors such as retail, healthcare, and automotive [8][9]. Partnership Details - The renewed agreement allows Five Guys to offer AI-powered ordering across hundreds of locations, with franchisees having the option to implement these solutions [4]. - SoundHound's AI technology enables Five Guys to handle 100% of incoming orders, even during peak hours, thereby reducing missed orders and enhancing operational efficiency [5]. Customer Experience Enhancement - Five Guys aims to meet modern customer expectations by leveraging AI technology to improve service quality and operational efficiency [5]. - The AI system is trained on Five Guys' extensive menu, allowing customers to place orders using natural speech and receive answers to various menu-related inquiries [6]. Industry Impact - SoundHound's technology supports over 10,000 locations, showcasing its significant presence in the restaurant industry [7]. - The collaboration with Five Guys exemplifies the potential of AI to transform the ordering experience and streamline restaurant operations [7].