SoundHound Raises $100M PYMNTS.com

SoundHound, a voice-enabled artificial intelligence (AI) and conversational intelligence technologies company, announced news on Thursday (May 3) that it has raised $100 million in new funding from a group of strategic investors. In a press release, the company said investors in the round of funding include Tencent Holdings, Daimler, Hyundai Motor Company, Midea Group and Orange. Those companies join existing investors Samsung, NVIDIA, KT Corporation, HTC, NAVER, LINE, Nomura, Sompo Japan Nipponkoa and Recruit. SoundHound plans to use the funding to drive adoption and distribution of Houndify, its voice AI platform in the automotive, Internet of Things, consumer products and enterprise apps and services markets. The funding will also be used to open new offices in China, France and Germany.