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SANTA CLARA, Calif. - SoundHound AI, Inc. (NASDAQ:SOUN), a rapidly growing AI technology company with over 100% revenue growth in the last twelve months and a market capitalization of $4.9 billion, announced a strategic partnership with AVANT Communications that will enable AVANT’s network of Trusted Advisors to offer SoundHound’s Amelia 7.0 AI agent platform and Autonomics platform to enterprise clients. According to InvestingPro data, the company maintains a strong financial position with more cash than debt on its balance sheet.
The collaboration aims to accelerate adoption of SoundHound’s conversational AI technology across multiple sectors including financial services, insurance, retail, and healthcare. Through this partnership, businesses will be able to deploy AI agents that automate customer service and business operations. InvestingPro analysis shows that analysts have recently revised their earnings expectations upward for the upcoming period, suggesting growing confidence in the company’s expansion strategy.
"Our Trusted Advisors are constantly seeking out transformational technologies that drive efficiency and elevate customer experiences, and SoundHound’s AI capabilities stand out in both innovation and enterprise readiness," said Andrew Pryfogle, Head of CX and AI & Global Education Lead at AVANT.
The Amelia platform is designed to handle complex customer interactions by coordinating multiple specialized AI agents through both voice and text channels. The system utilizes automatic speech recognition technology that allows customers to communicate naturally, while leveraging large language models (LLMs) for reasoning capabilities.
SoundHound’s Autonomics platform provides AI-driven orchestration of IT systems through a unified interface. The solution was recently recognized as an "Exemplary provider" in ISG’s 2025 AIOps Buyers Guide.
AVANT, which describes itself as the nation’s premier Technology Services Distributor, supports its advisor network through its Pathfinder decision-making platform and industry research to guide technology purchasing decisions.
Steve Plunkett, Vice President of Global Partnerships and Channel Sales at SoundHound AI, stated that the partnership will scale access to AI agents and enable "smarter, more efficient customer engagement across industries."
The announcement was made in a press release statement from SoundHound AI. While the stock has shown significant volatility and currently trades above its InvestingPro Fair Value, investors should note that the company has demonstrated impressive momentum with a 168% return over the past year. For deeper insights into SoundHound AI’s valuation and growth prospects, access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, SoundHound AI Inc. reported its first-quarter results for 2025, revealing revenues of $29.1 million. This figure fell short of the $30.2 million estimate by H.C. Wainwright and the broader market consensus of $30.4 million. Despite this, the company maintained its full-year revenue guidance for 2025, which may alleviate some investor concerns. SoundHound AI’s acquisition of Amelia has significantly contributed to its revenue, with the company noting that Amelia accounted for about 60% of its first-quarter revenue. In addition, SoundHound AI has partnered with Allina Health to introduce an AI agent named Alli, designed to enhance patient services by managing appointments and potentially handling prescription refills in the future.
Piper Sandler downgraded SoundHound AI from Overweight to Neutral, citing concerns about the company’s outlook for the second half of 2025. Meanwhile, Northland analysts maintained a Market Perform rating with an $8 price target, recognizing SoundHound’s pioneering role in speech recognition and language understanding. H.C. Wainwright adjusted its price target for SoundHound AI to $18, down from $26, while keeping a Buy rating, highlighting the company’s potential to drive efficiencies and cost savings for its clients. Additionally, SoundHound AI’s technology has been implemented by Peter Piper Pizza to manage phone orders, showcasing the versatility and application of its AI solutions in various sectors.
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