SoundHound AI, Inc., a global leader in voice artificial intelligence, has announced the acquisition of key assets from Allset, an online ordering platform that connects restaurants with local customers. This strategic move aims to bolster SoundHound’s capabilities in creating a voice commerce ecosystem, allowing consumers to access goods and services through natural conversation.
- Acquisition Highlights
- Integration of Allset’s Assets: The acquisition includes Allset’s team, restaurant relationships, and marketplace expertise.
- Enhanced Capabilities: This move strengthens SoundHound’s engineering skills and marketplace know-how.
- Allset’s Background
- Established Platform: Founded in 2015, Allset offers a cost-effective dining experience for local pick-up, bypassing high delivery app fees.
- Investor Support: Backed by Andreessen Horowitz, Allset has nearly 7,000 restaurant partners, including Joe & The Juice and Charleys Cheesesteaks.
- Future Vision and Impact
- Voice-Enabled Ordering: Plans to facilitate voice-enabled food and drink ordering across millions of cars, TVs, and smart devices.
- Expanded Access: Allset’s restaurant partners and new signups will gain access to SoundHound’s voice AI products for operational efficiency and sales growth.
- Leadership and Innovation
- Leadership Integration: Allset’s Co-Founders Stas Matviyenko and Anna Polishchuk bring marketplace experience to SoundHound’s voice monetization platform.
- Accelerated Growth Strategy: Enhances SoundHound’s strategy to enable conversational voice AI for effortless ordering and transactions.
- SoundHound’s Market Presence
- Restaurant Solutions Leader: Serving over 10,000 restaurant locations with fast, accurate voice ordering technology.
- Multichannel Deployment: Voice AI solutions deployed via phone, drive-thru, kiosk, and mobile app, with capabilities to understand multiple languages and integrate with POS systems.
- Diverse Clientele: Working with leading clients in smart devices, TVs, and automotive sectors globally.
The acquisition of Allset by SoundHound AI marks a significant step toward creating a seamless voice commerce ecosystem. By combining Allset’s marketplace expertise with SoundHound’s advanced voice AI solutions, the partnership aims to transform the way consumers order food and engage in other transactions through natural, conversational voice interactions.