What will Soundhound do with the $500m
Seeing how they have no debt and do not need the money for operating costs, I predict they will announce YUM brands at some point and then use that boost to raise more money, and I've narrowed down their potential acquisitions. I wouldn't even be surprised if they merged with Cerence..
- LivePerson - A tech company specializing in digital engagement solutions. They offer AI-powered conversational tools for customer service, sales, and marketing, helping businesses connect with customers through chatbots and messaging.
- Ada - Provides an AI customer service platform that automates customer interactions across various channels. Their focus is on creating seamless, automated customer support experiences for businesses.
- Suki - Focuses on AI for healthcare, offering voice-enabled solutions primarily for documentation. Their technology aims to reduce the administrative burden on healthcare providers by allowing them to dictate notes during patient interactions.
- Kasisto - Specializes in AI for banking, providing a conversational AI platform named KAI which helps financial institutions offer personalized banking services through chatbots, enhancing customer engagement and experience.
- Interactions - Known for its conversational AI solutions, particularly in customer service. They develop voice and IVR (Interactive Voice Response) systems that aim to improve customer interactions with businesses across multiple industries.
- DeepL - Offers advanced machine translation services, aiming to provide more natural and accurate translations than competitors. They are recognized for their language AI capabilities which could be integrated into broader conversational AI systems.
- Rasa - An open-source conversational AI platform provider. They focus on building customizable, enterprise-grade chatbots and voice assistants, offering tools for developers to create sophisticated AI-driven conversations.