SoundHound AI Acquires Amelia for $80M, Expands AI Reach and Capabilities
The combined entity will serve nearly 200 marquee customers, including some of the largest multinational enterprises, top 15 global banks, and Fortune 500 organizations.
The combined entity will serve nearly 200 marquee customers, including some of the largest multinational enterprises, top 15 global banks, and Fortune 500 organizations.
Sphynx employs a fuzz-testing approach to challenge the robustness of hallucination detection models.
The company has already achieved significant success, boasting 100% year-over-year revenue growth in its fifth year and protecting nearly one in five Fortune 500 companies.
This latest funding round brings the company’s total investment to $132 million, providing substantial resources for continued product innovation and market expansion.
The AI chip market, valued at $53.6 billion in 2023, is forecast to grow by over 30% to reach $71.3 billion in 2024.
A flexible framework for measuring, adding, subtracting, and modifying these metrics is essential for observability.
GitHub’s annual revenue run rate is now $2 billion, with Copilot accounting for over 40% of GitHub’s revenue growth this year.
The company has raised $21 million in new capital, bringing its total funding to $41.3 million.
In 2024, several innovative leaders are at the forefront of this transformation, driving their companies to new heights with cutting-edge technologies and strategic vision.
The acquisition aligns with C5i’s goal of achieving a $120 million USD turnover in the next financial year.
