SoundHound acquires Amelia AI for $80M after it raised $189M+

August 8, 2024: SoundHound Acquires Amelia AI in $80M Deal - SoundHound, an AI voice interface company, acquired Amelia AI for $80 million, aiming to expand into financial services, healthcare, and more. Despite Amelia raising over $189 million, the acquisition price highlights market disparities. SoundHound, which has faced financial challenges since its 2021 SPAC merger, expects the deal to boost its revenue to $150 million by 2025. The merger comes amid massive investment in AI, sparking debates about potential over-investment.