SoundHound AI, a publicly owned company headquartered in the US, was founded in 2005 and employs approximately 600 people. The company specializes in software development, functioning as a provider of conversational AI technology. Its independent voice AI platform enables businesses to deliver conversational experiences to their customers. Utilizing proprietary Speech-to-Meaning and Deep Meaning Understanding technologies, SoundHound's platform offers high speed and accuracy, facilitating natural human-to-machine interactions. SoundHound's solutions are used in various industries globally, including automotive, entertainment, and technology.
On July 9, 2026, LivePerson submitted a Form DEFM14A to the SEC, providing shareholders with information for an upcoming vote on its premium all-stock-and-cash merger with SoundHound AI. This development follows a significant decline in SoundHound AI's stock performance, with its share price dropping approximately 37% in the first half of 2026, opening at $10.29 on January 2 and closing at $6.47 on June 30. Investors expressed concern over the pending LivePerson acquisition. Previously, on July 4, SoundHound AI came into focus after moving to acquire customer engagement specialist LivePerson in a planned US$100 million deal, an announcement that coincided with the launch of its OASYS agentic AI platform. Prior to this, the company's share price had declined 18.23% over 30 days, contributing to a 38.21% year-to-date decline.
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SoundHound AI offers products in the enterprise tech industry. SoundHound AI's product portfolio comprises of generative AI.
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