SoundHound Raises $25M After Laying Off Nearly Half Its Staff
SoundHound, a voice AI company that laid off 40% of its employees earlier this month, announced Tuesday that it had successfully raised $25 million in equity investment. That funding brings good news for the laid off staff, three of whom previously said what measly severance they were offered—just two weeks, no health insurance—was conditional upon SoundHound securing new investment, as exclusively reported by Gizmodo. SoundHound was blunt in a statement on the investment: “Confirming our funding news and that former!-->!-->!-->!-->!-->!-->!-->!-->!-->!-->!-->!-->!-->!-->!-->!-->!-->!-->!-->!-->…