SoundHound AI CEO Discusses Expansion into New Verticals, Outperforming Competitors in Accuracy and Latency

SoundHound AI is expanding into new industries, including restaurants and hospitals, while also entering the enterprise and insurance sectors. CEO Keyvan Mohajer notes that the company is outperforming competitors in terms of accuracy and latency, while operating at a lower cost. Mohajer believes the company is well-positioned for growth in the voice AI market.

SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, reported its financial results for the second quarter of 2025, showcasing strong growth across multiple sectors. The company reported revenue of $42.7 million, an increase of 217% year-over-year [2]. This marks a significant milestone for the company, which has been expanding its footprint into new industries such as restaurants and hospitals, as well as the enterprise and insurance sectors.

CEO Keyvan Mohajer commented on the company's performance, stating, "In SoundHound’s strongest ever quarter, many of our previous strategic moves delivered high-impact results with growth across every business unit. We realized significant new wins as well as cross-sell deals, demonstrating the incredible opportunity we predicted with our 2024 acquisitions" [2].

The company's Q2 results were driven by strong growth in AI for automotive, enterprise AI for customer service, and AI automation for restaurants. SoundHound's Agentic AI platform, which integrates Polaris, the company's leading speech foundation model, saw 15 large enterprise customers migrate onto it. The Voice Commerce segment advanced multiple pilots with large automotive brands in Europe and the USA, while the Restaurants segment saw notable wins and renewals with brands like Red Lobster, Peter Piper Pizza, Applebee’s | IHOP, and Chipotle [2].

SoundHound's expansion into new markets is part of its strategy to outperform competitors in terms of accuracy and latency while operating at a lower cost. Mohajer believes that the company is well-positioned for growth in the voice AI market, citing the increasing demand for voice and conversational AI solutions across various sectors.

The company's shares have been volatile, with the stock rising more than 800% over the last 12 months. However, there is still high short interest in the company, with nearly 35% of the public float sold short [1].

References:
[1] https://sherwood.news/markets/soundhound-ai-reports-better-than-expected-earnings/
[2] https://www.businesswire.com/news/home/20250807688080/en/SoundHound-AI-Reports-Record-Second-Quarter-With-All-Time-High-%2442.7-Million-Revenue-Up-217-Raises-Full-Year-Outlook