SoundHound AI, a leader in voice artificial intelligence, has announced the acquisition of Amelia, an enterprise AI software company. This acquisition positions SoundHound AI as a provider of voice and conversational generative AI, expanding its reach across various industries. The companies will work together to offer scalable customer service support to multinational enterprise brands, global banks, and Fortune 500 organizations. The acquisition is expected to enhance SoundHound AI's customer service division and capitalize on the growing adoption of generative AI in customer service. The deal is valued at $80 million in cash and equity, with combined revenue in 2025 expected to exceed $150 million.

The transaction is anticipated to be accretive to SoundHound earnings in the second half of 2025. The synergy between the two companies brings a leading position in conversational AI, expands into new vertical markets, diversifies the customer base, provides revenue and cost advantages, and opens new monetization opportunities in voice commerce. The acquisition also strengthens partner relationships and adds intellectual property to SoundHound AI. SoundHound AI plans to integrate Amelia's expertise and technology to expand the vision of a voice commerce ecosystem and provide the best AI customer support solutions. Both companies are enthusiastic about the merger and the opportunities it presents in the conversational AI customer support space. More details about the financial aspects of the acquisition, inducement awards, and additional information on SoundHound AI and Amelia can be found in the original article. Contacts: - SoundHound AI: [contact information not provided] - Amelia: [contact information not provided]