Deals
Voice AI Platform SoundHound Agrees to Archimedes SPAC Merger
- Company counts Mercedes-Benz, Snap, Pandora among customers
- Shazam competitor’s technology can identify a song via humming
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SoundHound, which makes a voice artificial-intelligence platform used by global corporations including Mercedes-Benz, Snap Inc. and Mastercard Inc., has agreed to go public through a merger with Archimedes Tech SPAC Partners Co.
The transaction gives SoundHound an enterprise value of about $2.1 billion, co-founder and Chief Executive Officer Keyvan Mohajer said in an emailed statement. The firm enables companies to integrate voice assistants into their products and services.