Technology

SoundHound AI is buying another AI vendor, SYNQ3

The deal will expand the scope of SoundHound's operations to 10,000 locations across 25 chains, the buyer said. Terms were not disclosed.
SoundHound said the deal creates a "library" of more than 50 million AI transactions to analyze. | Photo: Shutterstock

SoundHound AI, a supplier of voice-driven artificial intelligence systems for restaurants, said it has agreed to acquire another vendor in the field, SYNQ3.

The purchase price and other details of the deal were not disclosed.

SoundHound said the addition of SYNQ3’s customers will extend the number of locations using its voice-processing systems to 10,000 units across 25 chains.

The buyer also said the deal will refine its artificial intelligence capabilities by providing insights from SYNQ3’s AI-driven transactions. With the addition of that data, the company now has a “library” of more than 50 million transactions it can analyze for ways of improving its AI services, SoundHound said.

“Our businesses are highly complementary, with both AI and industry expertise at the core of who we are,” Steve Bigari, CEO and co-founder of SYNQ3, said in a statement.

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