SoundHound AI has renewed and expanded its partnership with Five Guys, culminating in over one million AI-driven customer interactions since integration. This milestone, celebrated on October 2, 2023, demonstrates SoundHound’s voice AI platform’s ability to manage complex orders in high-traffic environments effectively.
This renewal highlights SoundHound’s reliability in voice automation, particularly in the restaurant sector, known for its challenging operational conditions. The company records a substantial adoption rate of its technology, emphasizing its potential for broader applications in industries such as retail, healthcare, and finance. SoundHound aims to support enterprises with a customizable platform that allows for brand control and data security, setting it apart from competitors like Nuance Communications and Veritone.
SoundHound’s shares have seen a decline of 5.9% over the past six months, trading at a forward price-to-sales ratio of 17.25 compared to the industry’s 15.47. While its loss per share estimate for 2026 has widened to 6 cents, this still represents an improvement from last year’s projected loss of 15 cents.
