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SoundHound AI and Parkopedia Launch Voice AI-Powered Parking Search and Payment Agent
Globenewswire· 2025-11-25 14:04
Core Insights - SoundHound AI and Parkopedia have expanded their partnership to introduce an in-vehicle voice AI parking agent, enhancing the driving experience with hands-free parking discovery, recommendations, and bookings [3][4][5] Company Overview - SoundHound AI is a global leader in voice and conversational AI, providing solutions that enhance customer experiences across various industries [9] - Parkopedia is the leading connected car services provider, helping drivers find and pay for parking, EV charging, fuel, and tolls across 90 countries [10] Partnership Details - The collaboration integrates Parkopedia's global parking database, which includes over 90 million spaces in more than 20,000 cities, with SoundHound's voice commerce platform [4][5] - The new Parkopedia AI Agent offers proactive recommendations, real-time pricing, and availability, making parking easier and more convenient for drivers [5][6] Technology and Features - The voice AI parking agent allows drivers to find parking, compare prices, and complete payments using voice commands, significantly reducing friction in the parking process [5][7] - This technology is part of a broader vision to make in-car tasks effortless and connected, with plans to expand into other services like restaurant reservations and ticket purchases [8] Future Plans - The partnership will be showcased at CES 2026, highlighting the potential for hands-free voice commerce capabilities across multiple industries [8]
SoundHound AI Reports Record Q3 Revenue of $42 Million, Up 68%, Raises Full Year Outlook; $269 Million in Cash
Globenewswire· 2025-11-06 21:04
Core Insights - SoundHound AI, Inc. reported a strong financial performance for Q3 2025, with revenue reaching $42.0 million, a 68% increase year-over-year [6][14] - The company is expanding its presence in key vertical markets and forming strategic partnerships to enhance its AI leadership through the Agentic+ framework [1][4] Financial Highlights - Revenue for Q3 2025 was $42.0 million, up from $25.1 million in Q3 2024, marking a 68% increase [6][14] - GAAP gross margin was 42.6%, while non-GAAP gross margin was 59.3% [6][14] - GAAP net loss was $109.3 million, compared to a loss of $21.8 million in the same quarter last year [6][14] - Adjusted EBITDA loss was $14.5 million, showing an improvement from a loss of $15.9 million in Q3 2024 [6][14] Business Developments - The company launched the Amelia 7.3 update, enhancing its voice AI capabilities with Speech-to-Meaning technology [7] - Significant contracts were secured across various sectors, including automotive, healthcare, and financial services, indicating a diverse customer base [12][19] - SoundHound is raising its full-year 2025 revenue outlook to a range of $165 - $180 million [18] Strategic Partnerships and Market Position - SoundHound is working with major brands in automotive and healthcare to deploy its AI solutions, including a custom assistant for a sports car brand and a pioneering AI solution for a precision medicine provider [12][19] - The company has established partnerships with leading technology distributors and service providers to enhance its market reach [12][19] Cash Flow and Liquidity - As of September 30, 2025, the company had total cash and cash equivalents of $269 million, with no debt [16]
SoundHound AI To Report 2025 Third Quarter Financial Results, Host Conference Call and Webcast on November 6
Globenewswire· 2025-10-22 20:10
Core Insights - SoundHound AI, Inc. will report its 2025 third quarter financial results on November 6, 2025, after market close [2] - A conference call and webcast will be hosted by the CEO and CFO on the same day to review the results [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 utilizes proprietary technology to deliver high-speed and accurate voice AI solutions in multiple languages [3] - Key products include Smart Answering, Smart Ordering, Dynamic Drive-Thru, and the Amelia Platform, which supports AI Agents for enterprises [3] - SoundHound Chat AI integrates Generative AI, while Autonomics automates IT processes, enabling the company to handle millions of products and services and process billions of interactions annually [3]
SoundHound AI Named a Leader in Everest Group's Conversational AI and AI Agents in Customer Experience Management (CXM) Products PEAK Matrix® Assessment 2025
Globenewswire· 2025-10-16 13:03
Core Insights - SoundHound AI, Inc. has been recognized as a Leader in Everest Group's 2025 PEAK Matrix® Assessment for Conversational AI and AI Agents in Customer Experience Management [2][5] - The evaluation highlights the evolution of conversational AI products into autonomous AI agents capable of managing multi-step tasks [3][4] Company Overview - SoundHound AI specializes in voice and conversational AI, providing solutions that enhance customer experiences across various industries including retail, financial services, healthcare, and automotive [8] - The company’s proprietary voice engine, Polaris, is noted for its superior word error rates and advanced conversational features [4][8] Product Features - The Amelia platform, particularly its latest version Amelia 7 launched in May 2025, offers agentic capabilities allowing AI agents to listen, reason, and act on complex tasks [5][6] - Amelia's AI agents can operate across multiple channels such as chat, text, and voice, utilizing advanced speech recognition technology [6][8] Technological Innovations - SoundHound AI's architecture integrates cognitive reasoning, orchestration, and execution to support complex enterprise AI use cases [5] - The platform includes a no-code agent designer for simplified deployment and a Supervisor AI layer for dynamic agent coordination [5] Market Position - The recognition from Everest Group underscores SoundHound AI's commitment to delivering innovative solutions that enhance customer interactions and operational efficiency [5][8]
SoundHound AI Named a Leader in Everest Group’s Conversational AI and AI Agents in Customer Experience Management (CXM) Products PEAK Matrix® Assessment 2025
Globenewswire· 2025-10-16 13:03
Core Insights - SoundHound AI, Inc. has been recognized as a Leader in Everest Group's 2025 PEAK Matrix® Assessment for Conversational AI and AI Agents in Customer Experience Management [3][6] - The evaluation highlights the evolution of conversational AI products into autonomous AI agents capable of managing multi-step tasks [4][6] - SoundHound's proprietary voice engine, Polaris, is noted for its superior word error rates and advanced conversational features [5][6] Company Overview - SoundHound AI specializes in voice and conversational AI, providing solutions that enhance customer experiences across various industries including retail, financial services, healthcare, and automotive [8] - The company’s Amelia platform, particularly the latest version Amelia 7, offers agentic capabilities that allow AI agents to listen, reason, and act on complex tasks [6][8] - SoundHound's technology supports low latency and exceptional natural language understanding, enabling effective communication across multiple channels [7][8] Product Features - The Amelia platform utilizes an Agentic+ framework that combines reasoning and planning skills of large language models (LLMs) with deterministic flows [6] - SoundHound's AI agents can operate across various communication channels such as chat, text, and voice, enhancing their versatility [7] - The platform's innovations include a no-code agent designer for simplified deployment and a Supervisor AI layer for dynamic coordination of AI agents [6][8]
SoundHound AI Named a Leader in IDC MarketScape for Worldwide General-Purpose Conversational AI Platforms 2025
Globenewswire· 2025-10-02 13:03
Core Insights - SoundHound AI, Inc. has been recognized as a Leader in the IDC MarketScape for Worldwide General-Purpose Conversational AI Platforms 2025 Vendor Assessment, highlighting its strong position in the market [2][4]. Company Overview - SoundHound AI specializes in voice and conversational AI, providing solutions that enhance customer experiences across various industries including retail, financial services, healthcare, automotive, smart devices, and restaurants [7]. - The company’s Amelia platform, particularly the latest version Amelia 7, launched in May 2025, is noted for its advanced conversational capabilities and agentic features, allowing for complex multi-step task completion [4][5]. Product Features - Amelia 7 is praised for its accurate intent recognition, ability to handle complex requests, and strong support for voice channels, making it suitable for large enterprises seeking conversational AI solutions [4][5]. - The platform utilizes advanced speech recognition technology, offering low latency and exceptional natural language understanding, which is further enhanced by enterprise tuning for optimal responses [5]. Customer Satisfaction - Customers have reported high satisfaction with the quality of Amelia's voice AI, particularly its AI-generated voice responses and the platform's ability to manage complex interactions [4][3]. - The IDC MarketScape assessment indicates that businesses should consider SoundHound's offerings for their conversational AI needs due to the platform's robust capabilities and continuous updates with new features [4].
1 Growth Stock Down 45% to Buy Right Now
The Motley Fool· 2025-07-11 10:42
Group 1: Company Overview - SoundHound AI is a leader in developing voice-powered AI systems, offering products like Houndify and SoundHound Chat AI [3][4] - Houndify enables businesses to integrate conversational speech into their AI tools, exemplified by Hyundai's in-vehicle AI system [4] - SoundHound Chat AI integrates with large language models, enhancing communication quality and speed between users and AI systems [4][5] Group 2: Market Position and Financials - SoundHound has a market cap of less than $5 billion, significantly smaller than competitors like Palantir, which has a market cap over $300 billion [6] - The company generated slightly more than $100 million in sales over the last 12 months, with quarterly revenue increasing about 150% year over year [7] - Analysts estimate annual revenue to reach $160 million this year and $203 million by 2026 [7] Group 3: Profitability and Risks - SoundHound reported a net loss of $188 million over the last 12 months, with free cash flow also negative at about $107 million [8] - The company has around $250 million in cash, which may last about two years at the current burn rate before needing additional funding [8] - The competitive landscape includes major players like Alphabet, Meta, Amazon, and Microsoft, which could overshadow SoundHound [9] Group 4: Investment Considerations - SoundHound stock is considered risky due to the lack of profitability and volatility in the AI sector [10] - Despite the risks, the potential for growth exists as AI adoption increases, particularly in voice AI for customer satisfaction [11]