Business
SoundHound AI Acquires Ordering Platform Allset to Fast-Track Its Vision of a Voice Commerce Ecosystem
The acquisition will ultimately enable consumers to use cutting-edge voice AI to order food from their vehicles, phones, and smart devices SANTA CLARA,
About this update from Soundhound Ai, Inc.
[{"type":"text","content":"\nThe acquisition will ultimately enable consumers to use cutting-edge voice AI to order food from their vehicles, phones, and smart devices\n\n\n SANTA CLARA, Calif., & LOS ANGELES--(BUSINESS WIRE)--\nSoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today announced the acquisition of key assets from Allset, an online ordering platform that connects restaurants and local customers. As part of the acquisition, Allset’s team will be joining SoundHound, further strengthening the company’s capabilities and commitment to innovation.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240620384616/en/SoundHound AI Acquires Ordering Platform Allset to Fast-Track Its Vision of a Voice Commerce Ecosystem (Photo: Business Wire)\nThe closing of the acquisition will bring additional restaurant relationships, engineering skills, and marketplace know-how to SoundHound AI as it builds towards its vision of a voice commerce ecosystem that enables consumers to access goods and services through natural conversation. This includes plans to facilitate voice-enabled food and drink ordering across millions of cars, TVs, and smart devices.\n\n\nFounded in 2015, Allset is a food ordering platform designed for local pick-up, providing a seamless, cost-effective dining experience that allows both consumers and restaurants to bypass the high fees charged by delivery apps. The business received backing from investors, including Andreessen Horowitz, and has amassed nearly 7,000 restaurant partners nationwide, including Joe & The Juice and Charleys Cheesesteaks.\n\n\nAlongside continuing the services provided by Allset, all of the platform’s current restaurant partners – as well as all new signups to Allset – will now have full access to a suite of SoundHound’s voice AI products to improve operational efficiency, reduce costs, and drive sales.\n\n\nThe Allset leadership team, including Co-Founders Stas Matviyenko and Anna Polishchuk, will also apply their extensive marketplace experience to accelerating SoundHound’s first-of-its-kind voice monetization platform. The move mobilizes a key part of the company’s growth strategy, enabling consumers to use conversational voice AI to effortlessly order food from their vehicles or a voice-enabled device, like a TV.\n\n\n...