SoundHound AI(SOUN.US), a "unicorn" of AI voice technology, has acquired Amelia AI for $80 million.

On Thursday, voice AI and conversational AI “unicorn” SoundHound AI (SOUN.US) announced it would acquire AI startup Amelia AI for $80mn in cash and stock.

In a statement, the company said the deal was expected to boost revenue in the second half of next year, with combined revenue of over $150mn, and to see “meaningful” revenue and cost synergies in the coming years, driving growth and profitability expansion.

SoundHound said the combined company would have about $160mn in cash and $39mn in debt once the deal closes.

SoundHound CEO and co-founder Keyvan Mohajer said in a statement: “Amelia is a pioneering company, like us, focused on conversational AI. We look forward to leveraging our combined capabilities to provide the best AI customer support solution.”

Amelia previously raised at least $189mn, including $175mn in March 2023.

SoundHound also reported mixed earnings after the market closed on Thursday, with revenue growth slowing but beating expectations, and raised its full-year revenue outlook but the magnitude of the earnings miss was worse than the market had expected.

In its earnings call, SoundHound further introduced the Amelia acquisition, saying it raised its full-year revenue outlook to at least $80mn, up 3.9% to 23% from the previous revenue outlook range of $65mn to $77mn.

SoundHound shares fell nearly 5% after hours. The stock was up 21.16% at the close on Thursday, up more than 102% year-to-date.