SoundHound AI to Acquire SYNQ3

SoundHound AI is acquiring SYNQ3 Restaurant Solutions, a provider of voice artificial intelligence and other technology for restaurants, for $25 million.

"In joining forces, SoundHound AI and SYNQ3 will be the go-to standard for cutting-edge voice and conversational AI solutions for the restaurant industry," said Keyvan Mohajer, CEO and co-founder of SoundHound AI, in a statement. "Restaurant operators are turning to technology en masse, and voice AI is now playing a key role in helping them drive sales, reduce costs, and alleviate the burden of increasing demand on their employees."

"SoundHound AI and SYNQ3 will provide our restaurant partners with a formidable voice solution that we believe significantly surpasses the competition," said Steve Bigari, CEO and co-founder of SYNQ3, in a statement. "Our businesses are highly complementary, with both AI and industry expertise at the core of who we are. Together, we plan to capitalize on those synergies to provide best-in-class AI ordering methodologies backed by the largest library of restaurant AI orders in the world.  This will power a rapid acceleration of our growth."