SoundHound AI Acquires Amelia for $80M

August 8, 2024

SoundHound AI has acquired enterprise conversational AI provider Amelia for $80 million in cash and equity, including assumption of debt and potential earnouts. The deal expands SoundHound's conversational and customer-service AI capabilities and accelerates vertical expansion into regulated industries (financial services, healthcare, retail), with combined revenue expected to exceed $150M in 2025.

Buyers
SoundHound AI, Inc.
Targets
Amelia
Location
New York, United States
Transaction Type
Buyout

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