SoundHound AI Acquires SYNQ3 Restaurant Solutions
December 7, 2023
SoundHound AI has agreed to acquire SYNQ3 Restaurant Solutions for aggregate consideration of $25 million (approx. 20% cash, 80% SoundHound Class A stock) with up to $4 million of additional consideration payable over three years subject to revenue targets. The acquisition expands SoundHound's voice and conversational AI footprint in restaurants — adding over 10,000 signed locations, deepening relationships with major chains, and accelerating deployment of generative voice AI products across the restaurant industry.
- Buyers
- SoundHound AI, Inc.
- Targets
- SYNQ3 Restaurant Solutions
- Industry
- AI & Machine Learning
- Location
- Colorado, United States
- Transaction Type
- Buyout
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