SoundHound has raised a big $100M round to take on Alexa and Google Assistant

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As SoundHound looks to leverage its ten-plus years of experience and data to create a voice recognition tool that companies can bake into any platform, it’s raising another big $100 million round of funding to try to make its Houndify platform a third neutral option compared to Alexa and Google Assistant.

While Amazon works to get developers to adopt Alexa, SoundHound has been collecting data since it started as an early mobile app for the iPhone and Android devices. That’s given it more than a decade of data to work with as it tries to build a robust audio recognition engine and tie it into a system with dozens of different queries and options that it can tie to those sounds. The result was always a better SoundHound app, but it’s increasingly started to try to open up that technology to developers and show it’s more powerful (and accurate) than the rest of the voice assistants on the market — and get them to use it in their services.

Continue reading… “SoundHound has raised a big $100M round to take on Alexa and Google Assistant”

1 out of 5 US homes with wifi now have a smart speaker like the Amazon Echo

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Smart speakers have been a hot ticket item in recent years. Products by Amazon, Google and Apple, which allow consumers to play music, order food and get news just by talking to the device, have already experienced a surprisingly strong adoption in the US market.

This chart by Statista which is based on comScore data, shows that 20% of homeowners with wifi have at least one active smart speaker. That percentage will be inching up as well, if the past few months are any indication of the device’s steadily increasing adoption rate.

Via Business Insider