This Year’s Best Practices Company of the Year in the North American Automotive Connected Voice Assistance Industry Award goes to SoundHound Inc.
SoundHound Inc., a global leader in voice artificial intelligence, currently in the process of becoming a public company through its expected merger with Archimedes Tech SPAC Partners Co. (NASDAQ: ATSPU units, ATSPT subunits), today announced it has been recognized by Frost & Sullivan for valuable achievements as a leader in innovation and growth in the North American automotive connected voice assistance industry and named Best Practices Company of the Year, 2021.
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“We’re honored to be recognized for our achievements in the automotive industry and for technological innovations that are bringing the power of voice to more brands and their customers”
According to Frost & Sullivan, the Best Practices Company of the Year Award is reserved for companies at the forefront of innovation and growth in their respective industries. These companies consolidate their leadership positions by innovating and creating new products, solutions, and services that meet ever-evolving customer needs. By strategically broadening their product portfolios, leading companies advance the overall market.
“Driving innovation and growth is a difficult task made even harder by the strategic imperatives forcing change today, such as disruptive technologies, value chain compression, industry convergence, and new business models. In this context, SoundHound Inc.’s recognition signifies an even greater accomplishment,” said Darrell Huntsman, CEO, Frost & Sullivan.
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With SoundHound as a partner, leading automakers are making a significant leap forward in convenience and connectivity. Today, SoundHound’s technology powers the voice experience in millions of products from leading automotive brands, including Hyundai, Mercedes-Benz, KIA, and Stellantis, and brands in other industries, including Pandora, Snap, VIZIO, Deutsche Telekom, and more.
The company’s breakthrough innovations include Speech-to-Meaning® and Deep Meaning Understanding® technologies that process speech in one step with speed and accuracy, allowing people to interact with products and services the same way they do with each other—by simply talking.
“With OEMs emphasizing branded voice assistants for in-car customers, SoundHound’s independent voice AI platform that supports over 20 popular languages, accent efficiency, and ‘in-trend’ capabilities—such as wake words and natural language processing—make them a perfect partner,” said Ashwini Suvarna, Research Analyst, Frost & Sullivan. “The constantly expanding 100+ content domains, AI integration, and the flexibility of voice access with or without internet connection are add-on reasons for OEMs to consider SoundHound’s voice AI solutions.”
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