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SoundHound Inks Lengthy-Time period Partnership With Hyundai



  • SoundHound AI, Inc SOUN cast a 7-year cope with Hyundai Motor Co, Ltd HYMTF.
  • The collaboration appears to be like to incorporate SoundHound’s Edge+Cloud voice AI know-how, music recognition software program, voice commerce resolution, and multiple-language conversational intelligence in a broad vary of auto fashions globally. 
  • This partnership coincides with SoundHound’s 2022 Q1 earnings launch, that includes $230 million in cumulative bookings, up 134% year-on-year.
  • SoundHound reported revenues of $4.3 million, up 15% Y/Y.
  • SoundHound cast a number of new and expanded buyer partnerships, together with with Hyundai, Netflix, Inc NFLXQUALCOMM Inc QCOMSnap Inc SNAP, and VIZIO Holding Corp VZIO.
  • “Our first-quarter outcomes show the momentum we’re experiencing with our clients and the continued voice AI market growth and acceptance,” CFO Nitesh Sharan mentioned.
  • SoundHound sees FY22 income of $27 million – $33 million versus a consensus of $30 million.
  • Value Motion: SOUN shares traded greater by 2.13% at $6.23 on the final test Tuesday.
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