SoundHound, a company providing voice artificial intelligence, has announced the acquisition of Allset, a Ukrainian-founded online ordering platform that connects restaurants and local customers. The acquisition will strengthen the company’s capabilities and commitment to innovations.
About Allset
- Founded in 2015 by Ukrainians Stas Matviyenko and Anna Polishchuk and headquartered in Los Angeles, California, Allset is a marketplace connecting restaurants and local diners. It provides restaurants with online ordering and contactless dining solutions.
- The business received backing from numerous investors, including Andreessen Horowitz, and has nearly 7,000 restaurant partners, including Joe & The Juice and Charleys Cheesesteaks, Dickey’s Barbecue Pit, Lennys Grill & Subs, BIBIBOP Asian Grill, DIG. The company works with integration partners, including Olo, Ordermark, Checkmate, Cuboh, and Otter.
Allset has offices in Kyiv, New York and Los Angeles. In August 2022, Allset announced the reduction of its global team by 30%, laying off 29 employees.
Acquisition details
- SoundHound is a global company in conversational intelligence offering voice AI solutions. It delivers its solutions to a range sector, including automotive, TV, and IoT, and to customer service industries via AI-driven products like Smart Answering, Smart Ordering, and Dynamic Interaction, a real-time, multimodal customer service interface.
Allset will help SoundHound bring voice AI solutions to even more restaurants looking to improve operational efficiency. At the same time, the Allset team brings a wealth of marketplace experience and knowledge that will make our bigger vision of a voice commerce ecosystem a reality. Together, we plan to provide dynamic and convenient ways for people to order food and complete a range of other transactions just by speaking naturally,
Keyvan Mohajer, CEO and co-founder of SoundHound AI, commented.
- The acquisition will bring additional restaurant relationships, engineering skills, and marketplace know-how to SoundHound AI as it builds towards its vision of a voice commerce ecosystem that enables consumers to access goods and services through natural conversation.
Alongside continuing the services provided by Allset, it will now have full access to a suite of SoundHound’s voice AI products to improve operational efficiency, reduce costs and drive sales. To date, the amount of deal is undisclosed.
