Announced
Completed
Financials
Tags
artificial intelligence
Private Equity
Auto Technology
Domestic
De-SPAC
Friendly
Acquisition
Merger
Majority
United States
Private
Single Bidder
Reverse Takeover
Completed
Synopsis
SoundHound, a voice AI platform, went public via a SPAC merger with Archimedes Tech SPAC Partners, a blank check company, in a $2.1bn deal. Investors in PIPE include Oracle, Koch Industries, MKaNN Ventures, Cota Capital, VIZIO, HTC, FIH Mobile, Structural Capital, Provco Group, Sompo and Pejman Nozad. "Entering the public markets is a huge milestone for SoundHound and I am incredibly proud of our team and what we’ve accomplished together. It is also an important milestone in the voice AI industry that an independent voice platform like ours can be a disruptor and provide more choice to businesses that want to enhance their customer experience with voice. Becoming a public company opens the door for expanded opportunities and to work with customers and partners across industries to continue our mission to voice-enable the world around us,” Keyvan Mohajer, SoundHound CEO and Co-Founder.
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