SoundHound and Parkopedia partner on in-car voice AI parking agent

SANTA CLARA/LONDON - SoundHound AI, Inc. (NASDAQ:SOUN) and Parkopedia announced an expanded partnership Tuesday to introduce an in-vehicle voice AI parking agent as part of SoundHound’s in-car voice commerce platform. SoundHound, with a market capitalization of approximately $5 billion, has seen impressive revenue growth of over 120% in the last twelve months, reaching $148.4 million.

The collaboration integrates Parkopedia’s global parking database, which covers more than 90 million spaces across 20,000 cities, with SoundHound’s voice technology. The system allows drivers to find parking, compare real-time prices and availability, and complete payments entirely through voice commands.

The Parkopedia AI Agent provides recommendations such as suggesting parking near destinations, highlighting special offers, and presenting real-time availability and pricing options.

"By integrating our global parking database with SoundHound’s advanced voice AI, we’re making it possible for drivers to seamlessly find, reserve and pay for parking using nothing more than their voice," said Duncan Licence, Chief Product Officer at Parkopedia.

Michael Zagorsek, COO at SoundHound AI, stated, "Together with Parkopedia, we’re giving drivers a fully conversational, hands-free way to find and pay for parking on the go."

The partnership represents an expansion of SoundHound’s voice commerce platform, which first debuted with in-vehicle food ordering at CES 2025. The companies plan to showcase the technology at SoundHound’s CES 2026 booth in Las Vegas.

According to the press release statement, SoundHound plans to extend its hands-free voice commerce capabilities to other services including restaurant reservations, ticket purchases, and appointment scheduling.

SoundHound’s conversational AI technology is currently used by enterprise brands and is deployed in millions of cars and devices globally, while Parkopedia was acquired by Arrive in 2025.

In other recent news, SoundHound AI Inc. reported its third-quarter earnings for 2025, surpassing expectations with a narrower-than-expected loss per share and exceeding revenue forecasts. These positive earnings results were highlighted during the company’s earnings call, which also discussed strategic advancements and plans to capitalize on the growing demand for enterprise AI solutions. Additionally, DA Davidson reiterated its Buy rating for SoundHound AI, maintaining a price target of $17.00. This decision followed investor meetings with the company’s CFO, where further insights into SoundHound’s growth trajectory and margin potential were shared. These developments indicate a focus on leveraging market opportunities in the AI sector. SoundHound AI’s recent performance and strategic initiatives have drawn attention from both investors and analysts.

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