Search
Search titles only
By:
Search titles only
By:
Menu
Forums
New posts
Search forums
Home
What's new
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Home
Computers & Internet
Mobile Computing
Why SoundHound is valued at 5 Shazams
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
<blockquote data-quote="Anna Heim" data-source="post: 602"><p>Voice AI company SoundHound is set to go public on the Nasdaq via a SPAC transaction at a nearly $2.1 billion valuation in early 2022, blank check company Archimedes and its target <a href="https://www.businesswire.com/news/home/20211116005518/en/SoundHound-Inc.-Global-Leader-in-Voice-AI-Technology-to-Become-Publicly-Traded-Through-Proposed-Merger-With-Archimedes-Tech-SPAC-Partners-Co" target="_blank">announced</a>.</p><p></p><p>The last time you heard SoundHound’s name might have been several years ago when it was considered a lesser-known Shazam competitor. Now it’s worth 5.25x what Apple paid for the leading music recognition service – some $400 million, in a transaction that <a href="https://techcrunch.com/2018/09/24/apple-closes-its-shazam-acquisition-and-says-the-music-recognition-app-will-soon-become-ad-free/" target="_blank">closed in the fall of 2018</a>. That was five years after TechCrunch <a href="https://techcrunch.com/2013/10/17/now-with-175m-users-soundhound-launches-its-ios-7-app-as-company-struggles-to-exit-shazams-shadow/" target="_blank">reported</a> on <a href="https://www.soundhound.com/" target="_blank">SoundHound</a>‘s “struggles to exit Shazam’s shadow,” despite boasting more than 175 million users.</p><p></p><p>So what happened that would make SoundHound now significantly more valuable than its British counterpart?</p><p></p><hr /><p></p><p><strong><em>The Exchange explores startups, markets and money. </em></strong></p><p><strong><em></em></strong></p><p><strong><em>Read it <a href="https://techcrunch.com/subscribe/?tpcc=theexchange" target="_blank">every morning on TechCrunch+</a> or get <a href="https://techcrunch.com/newsletters" target="_blank">The Exchange newsletter</a> every Saturday.</em></strong></p><p></p><hr /><p></p><p>Well, some of the discrepancy might be due to Shazam’s somewhat bumpy trajectory; after all, it was valued <a href="https://techcrunch.com/2017/12/08/sources-apple-is-acquiring-music-recognition-app-shazam/" target="_blank">at $1.02 million post money</a> in its 2015 fundraise. But it’s SoundHound we are looking at today, because if its <a href="https://voices.soundhound.com/pdfs/SoundHound_Investor_Presentation_11_16_2021.pdf" target="_blank">SPAC deck</a> is to be believed, it seems it is just doing magic in plain sight.</p><p></p><p>To find out more, let’s have a closer look at SoundHound’s history, and dig into the case it is making to argue for its double unicorn valuation.</p></blockquote><p></p>
[QUOTE="Anna Heim, post: 602"] Voice AI company SoundHound is set to go public on the Nasdaq via a SPAC transaction at a nearly $2.1 billion valuation in early 2022, blank check company Archimedes and its target [URL='https://www.businesswire.com/news/home/20211116005518/en/SoundHound-Inc.-Global-Leader-in-Voice-AI-Technology-to-Become-Publicly-Traded-Through-Proposed-Merger-With-Archimedes-Tech-SPAC-Partners-Co']announced[/URL]. The last time you heard SoundHound’s name might have been several years ago when it was considered a lesser-known Shazam competitor. Now it’s worth 5.25x what Apple paid for the leading music recognition service – some $400 million, in a transaction that [URL='https://techcrunch.com/2018/09/24/apple-closes-its-shazam-acquisition-and-says-the-music-recognition-app-will-soon-become-ad-free/']closed in the fall of 2018[/URL]. That was five years after TechCrunch [URL='https://techcrunch.com/2013/10/17/now-with-175m-users-soundhound-launches-its-ios-7-app-as-company-struggles-to-exit-shazams-shadow/']reported[/URL] on [URL='https://www.soundhound.com/']SoundHound[/URL]‘s “struggles to exit Shazam’s shadow,” despite boasting more than 175 million users. So what happened that would make SoundHound now significantly more valuable than its British counterpart? [HR][/HR] [B][I]The Exchange explores startups, markets and money. Read it [URL='https://techcrunch.com/subscribe/?tpcc=theexchange']every morning on TechCrunch+[/URL] or get [URL='https://techcrunch.com/newsletters']The Exchange newsletter[/URL] every Saturday.[/I][/B] [HR][/HR] Well, some of the discrepancy might be due to Shazam’s somewhat bumpy trajectory; after all, it was valued [URL='https://techcrunch.com/2017/12/08/sources-apple-is-acquiring-music-recognition-app-shazam/']at $1.02 million post money[/URL] in its 2015 fundraise. But it’s SoundHound we are looking at today, because if its [URL='https://voices.soundhound.com/pdfs/SoundHound_Investor_Presentation_11_16_2021.pdf']SPAC deck[/URL] is to be believed, it seems it is just doing magic in plain sight. To find out more, let’s have a closer look at SoundHound’s history, and dig into the case it is making to argue for its double unicorn valuation. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Computers & Internet
Mobile Computing
Why SoundHound is valued at 5 Shazams
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…