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New Deal


Announced

Completed

Atlas Credit Partners completed a $100m investment in SoundHound.

Financials

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Transaction Value£80m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Completed

Single Bidder

Auto Technology

artificial intelligence

United States

Minority

Domestic

Acquisition

Friendly

Private Equity

Synopsis

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Atlas Credit Partners, an asset management firm, completed a $100m investment in SoundHound, a global company in voice artificial intelligence. “Today’s announcement with SoundHound AI demonstrates our commitment to empowering technology leaders in their respective categories. After meeting Keyvan and the SoundHound team, the sophistication of their voice AI, robust data, and technology stack made our decision to partner natural. We believe our investment will help SoundHound AI to accelerate the pace at which they are redefining voice AI and enable them to further extend their global lead,” Drew Mallozzi, Atlas Credit Partners CIO and Managing Partner.

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