SoundHound Inc will go public through a merger with a blank-check firm in a deal that values the voice assistant maker at $2.1 billion, the companies said on Tuesday.
, Koch Industries, MKaNN Ventures and others participated in the private investment in public equity round.
The Santa Clara, California-based company said its technology is available in 22 languages, with further additions planned in the near future. It also offers clients with tools to analyze customer usage and behavior, which they can then use to improve the voice experience for their products. SoundHound intends to use the funds raised in the round to expand its platform and enter new markets globally.
After the deal closes, expected towards the first quarter of 2022, SoundHound will list on the Nasdaq under the ticker symbol "SOUN". Reporting by Manya Saini and Niket Nishant in Bengaluru; Editing by Ramakrishnan M and Krishna Chandra EluriSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
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