SoundHound, the voice AI company, raises $25M after laying off 40% of staff earlier this month

AI may be getting hyped as the next billion dollar (or, much bigger) opportunity these days after that mega round for OpenAI from Microsoft, but that rising tide is not lifting all boats. SoundHound — the voice AI company that provides conversational AI services for automotive, connected home and hospitality applications — earlier this month laid off 40% of its staff and as a follow up, today announced that it had raised $25 million in equity to shore up its position in the market.
SoundHound did not say who is behind the funding except to note that it is coming from “a diver

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