SoundHound acquires Amelia AI for $80 million in cash and equity, aiming to expand enterprise services and strengthen its market position through the acquisition of Amelia's AI agent product customized for businesses.
The acquisition will see SoundHound taking on Amelia's debt, resulting in a combined company with $160 million in cash and $39 million in debt, projecting 2025 revenues of $150 million with $45 million from Amelia's existing business.
Collection
[
|
...
]