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Soundhound Ai Inc's Business Segments
Soundhound Ai Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
8
Largest Segment
Service subscriptions
Total Revenue
$ 62
Regions Reported
1
Revenue Share by Reportable Segment - FY
- Service subscriptions0%
- Hosted services0%
- Licensing46.9%
- Product royalties37.5%
- Other Countries32.5%
- Professional Service20.5%
- Colombia12.5%
- Point-in-time Professional Service0.6%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Service subscriptions | $ 83 | - |
| Hosted services | $ 64 | - |
| Licensing | $ 29 | 46.9% |
5 more segments available
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Revenue Share by Region - FY
- Other Countries14%
Revenue by Geographic Region - FY
| Region | Revenue (Millions) | % of Total |
|---|---|---|
| Other Countries | $ 9 | 14% |
Revenue by Product & Service Category - FY
- Service subscriptions75.9%
- Hosted services52%
- Licensing34.5%
- Product royalties24%
- Professional Service13.4%
- Monetization0.1%
Revenue by Product & Service Category - FY
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Service subscriptions | $ 47 | 75.9% |
| Hosted services | $ 32 | 52% |
| Licensing | $ 21 | 34.5% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
3 more categories available
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Annual Results
Revenue Share by Reportable Segment - FY
- Service subscriptions0%
- Hosted services0%
- Licensing46.9%
- Product royalties37.5%
- Other Countries32.5%
- Professional Service20.5%
- Colombia12.5%
- Point-in-time Professional Service0.6%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Service subscriptions | $ 83 | - |
| Hosted services | $ 64 | - |
| Licensing | $ 29 | 46.9% |
5 more segments available
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Description of Soundhound Ai Inc
SoundHound AI Inc. is a privately-held company which primarily develops sound recognition technologies that can identify and locate music and other sounds in the environment. The company was founded in 2005 by Dr. Keyvan Mohajer, a former computer science doctoral student at Stanford University, and James Hom, a music producer and engineer.
SoundHound AI's software suite includes several products, most notably the SoundHound music identification app, which has been downloaded over 300 million times in more than 190 countries. This app allows users to "shazam" a song by simply holding their phone up to the audio source. The app is able to recognize and provide the song's title, artist, album, and lyrics (when available) within seconds.
Beyond its popular music recognition technology, SoundHound AI is a leader in sound identification and classification for industries such as automotive, retail, and telecommunications. The company's platform enables voice-enabled AI and natural language processing (NLP) capabilities, allowing developers to build powerful voice-enabled applications and intelligent assistants.
Some notable partnerships for SoundHound AI include Disney, Hyundai, Honda, and Tencent - one of the largest internet companies in China. In addition, SoundHound AI has received funding from investors such as Global Catalyst Partners and NVIDIA, among others.
As of 2021, SoundHound AI is headquartered in Santa Clara, California, with additional offices in Toronto, Ontario, and Tokyo, Japan. The company's mission is to enable humans to interact with the world around them through intelligent voice-enabled interfaces.
SoundHound AI's software suite includes several products, most notably the SoundHound music identification app, which has been downloaded over 300 million times in more than 190 countries. This app allows users to "shazam" a song by simply holding their phone up to the audio source. The app is able to recognize and provide the song's title, artist, album, and lyrics (when available) within seconds.
Beyond its popular music recognition technology, SoundHound AI is a leader in sound identification and classification for industries such as automotive, retail, and telecommunications. The company's platform enables voice-enabled AI and natural language processing (NLP) capabilities, allowing developers to build powerful voice-enabled applications and intelligent assistants.
Some notable partnerships for SoundHound AI include Disney, Hyundai, Honda, and Tencent - one of the largest internet companies in China. In addition, SoundHound AI has received funding from investors such as Global Catalyst Partners and NVIDIA, among others.
As of 2021, SoundHound AI is headquartered in Santa Clara, California, with additional offices in Toronto, Ontario, and Tokyo, Japan. The company's mission is to enable humans to interact with the world around them through intelligent voice-enabled interfaces.
SoundHound AI Inc. is at the forefront of developing and offering voice-enabled artificial intelligence solutions across multiple industries, catering to both businesses and individuals. The company has established itself as a leader in integrating advanced voice recognition and natural language processing technologies, which enhance user interaction with digital devices. Below is an extensive overview of the segments, products, and services offered by SoundHound AI Inc.
Segments
1. Music Identification:
SoundHound AI Inc.s signature music identification technology empowers users to recognize songs instantly. By enabling real-time music recognition, the SoundHound app can identify tracks—even based on humming or singing. The app also offers additional features such as display of real-time lyrics, music videos, and links to streaming services, making it a comprehensive music companion. With over 300 million downloads, this segment is integral to the company’s identity.
2. Voice-Activated AI:
This segment is focused on building solutions that allow natural language interactions between users and digital devices. The Houndify platform is central to this segment, allowing developers to craft bespoke voice assistants and chatbots. Houndifys capabilities include understanding complex queries and responding in a human-like manner, thus enhancing user engagement through more seamless interactions.
3. In-Car Entertainment:
SoundHound AI Inc. caters to the automotive industry with its in-car entertainment solutions. These services leverage advanced voice-activated technologies to enhance the users driving experience, allowing for safer and more convenient control of infotainment systems, navigation, and climate settings through natural language commands. This segment not only improves driver safety by minimizing distractions but also enriches the overall passenger experience.
4. Healthcare:
In the healthcare segment, SoundHound AI Inc. employs voice technology to facilitate remote monitoring and diagnostics. Healthcare providers can utilize the company’s AI solutions for real-time patient interaction, improving communication between caregivers and patients. This capability is particularly valuable for telehealth services, enabling more accurate assessments and care delivery without the constraints of physical presence.
Products
1. SoundHound:
The flagship product of SoundHound AI Inc. is the SoundHound app. It allows users to identify any song by simply humming or singing a few lines of lyrics. Beyond identification, it demonstrates an interactive interface, providing real-time lyrics, sound samples, music videos, and links to streaming platforms, thus creating an interactive music discovery experience.
2. Houndify:
Houndify serves as a powerful developer platform, enabling businesses to integrate customized voice assistants and chatbots into their applications. The platform includes robust voice recognition and natural language processing capabilities, allowing developers to create solutions tailored to the specific needs of their users, enhancing the user experience across various applications.
3. Voice AI for Automotive:
This suite of solutions focuses on voice-activated controls for vehicles. By implementing SoundHound AIs technology, automotive manufacturers can provide drivers with hands-free control over music, navigation, and other in-car functionalities, significantly improving safety and convenience.
4. Voice AI for Healthcare:
This product line leverages voice recognition technology specifically for healthcare applications, enabling efficient remote interaction between healthcare professionals and patients. This facilitates timely diagnostics and efficient patient monitoring, helping to improve care delivery and patient outcomes.
Services
1. Custom Development:
SoundHound AI Inc. offers bespoke development services for enterprises looking to create tailored voice-activated AI solutions. Their experienced team collaborates closely with businesses to design and implement custom voice assistants and chatbot functionalities that align with specific business goals and customer needs.
2. Integration:
The company provides comprehensive integration services to ensure that their voice-activated AI solutions can be smoothly incorporated into existing business workflows and IT ecosystems. Their team helps companies navigate the technical challenges of integration to maximize the utility of voice technology.
3. Support and Maintenance:
SoundHound AI Inc. backs its clients with extensive support and maintenance services. Their support team assists businesses in managing software updates, addressing any bugs, and troubleshooting issues that arise, ensuring seamless operation and continuous improvement of the deployed solutions.
Conclusion
Overall, SoundHound AI Inc. is positioned as a premier provider of innovative voice-activated AI technologies and solutions. With a commitment to enhancing user experiences across music, automotive, healthcare, and other industries, the companys diverse segments, products, and services are designed to facilitate effortless and intuitive interactions between users and their digital environments. By leveraging cutting-edge technology, SoundHound AI Inc. continues to drive advancements in voice recognition and AI solutions for the modern age.
Segments
1. Music Identification:
SoundHound AI Inc.s signature music identification technology empowers users to recognize songs instantly. By enabling real-time music recognition, the SoundHound app can identify tracks—even based on humming or singing. The app also offers additional features such as display of real-time lyrics, music videos, and links to streaming services, making it a comprehensive music companion. With over 300 million downloads, this segment is integral to the company’s identity.
2. Voice-Activated AI:
This segment is focused on building solutions that allow natural language interactions between users and digital devices. The Houndify platform is central to this segment, allowing developers to craft bespoke voice assistants and chatbots. Houndifys capabilities include understanding complex queries and responding in a human-like manner, thus enhancing user engagement through more seamless interactions.
3. In-Car Entertainment:
SoundHound AI Inc. caters to the automotive industry with its in-car entertainment solutions. These services leverage advanced voice-activated technologies to enhance the users driving experience, allowing for safer and more convenient control of infotainment systems, navigation, and climate settings through natural language commands. This segment not only improves driver safety by minimizing distractions but also enriches the overall passenger experience.
4. Healthcare:
In the healthcare segment, SoundHound AI Inc. employs voice technology to facilitate remote monitoring and diagnostics. Healthcare providers can utilize the company’s AI solutions for real-time patient interaction, improving communication between caregivers and patients. This capability is particularly valuable for telehealth services, enabling more accurate assessments and care delivery without the constraints of physical presence.
Products
1. SoundHound:
The flagship product of SoundHound AI Inc. is the SoundHound app. It allows users to identify any song by simply humming or singing a few lines of lyrics. Beyond identification, it demonstrates an interactive interface, providing real-time lyrics, sound samples, music videos, and links to streaming platforms, thus creating an interactive music discovery experience.
2. Houndify:
Houndify serves as a powerful developer platform, enabling businesses to integrate customized voice assistants and chatbots into their applications. The platform includes robust voice recognition and natural language processing capabilities, allowing developers to create solutions tailored to the specific needs of their users, enhancing the user experience across various applications.
3. Voice AI for Automotive:
This suite of solutions focuses on voice-activated controls for vehicles. By implementing SoundHound AIs technology, automotive manufacturers can provide drivers with hands-free control over music, navigation, and other in-car functionalities, significantly improving safety and convenience.
4. Voice AI for Healthcare:
This product line leverages voice recognition technology specifically for healthcare applications, enabling efficient remote interaction between healthcare professionals and patients. This facilitates timely diagnostics and efficient patient monitoring, helping to improve care delivery and patient outcomes.
Services
1. Custom Development:
SoundHound AI Inc. offers bespoke development services for enterprises looking to create tailored voice-activated AI solutions. Their experienced team collaborates closely with businesses to design and implement custom voice assistants and chatbot functionalities that align with specific business goals and customer needs.
2. Integration:
The company provides comprehensive integration services to ensure that their voice-activated AI solutions can be smoothly incorporated into existing business workflows and IT ecosystems. Their team helps companies navigate the technical challenges of integration to maximize the utility of voice technology.
3. Support and Maintenance:
SoundHound AI Inc. backs its clients with extensive support and maintenance services. Their support team assists businesses in managing software updates, addressing any bugs, and troubleshooting issues that arise, ensuring seamless operation and continuous improvement of the deployed solutions.
Conclusion
Overall, SoundHound AI Inc. is positioned as a premier provider of innovative voice-activated AI technologies and solutions. With a commitment to enhancing user experiences across music, automotive, healthcare, and other industries, the companys diverse segments, products, and services are designed to facilitate effortless and intuitive interactions between users and their digital environments. By leveraging cutting-edge technology, SoundHound AI Inc. continues to drive advancements in voice recognition and AI solutions for the modern age.