The amount of the deal is undisclosed.
Founded in 2015 by Stas Matviyenko and Anna Polishchuk, Allset is a food ordering platform designed for local pick-up. It aims to provide an easy and cost-effective dining experience, allowing consumers and establishments to circumvent the high fees typically associated with delivery services.
With offices in Kyiv, New York, and Los Angeles, Allset boasts nearly 7,000 restaurant partners across the US and Ukraine.
As of the time of acquisition, Allset has raised $16.6 million from investors, including Andreessen Horowitz, Compound, and SMRK.
“We are thrilled to join forces with SoundHound to combine our established partnerships and marketplace expertise with SoundHound’s class-leading voice AI solutions and capabilities,” CEO and Co-Founder of Allset, Stas Matviyenko, stated.
SoundHound is a conversational intelligence platform that offers voice AI solutions for businesses, including restaurant voice ordering. Its system, deployed across over 10,000 locations, excels at understanding speech and processing orders seamlessly. Beyond restaurants, SoundHound collaborates with clients in smart devices, TVs, and automotive sectors, with millions of units worldwide.
“As a business, Allset will help SoundHound bring voice AI solutions to even more restaurants looking to improve operational efficiency. At the same time, the Allset team brings a wealth of marketplace experience and knowledge that will make our bigger vision of a voice commerce ecosystem a reality. Together, we plan to provide dynamic and convenient ways for people to order food and complete a range of other transactions just by speaking naturally,” CEO and Co-Founder of SoundHound AI, Keyvan Mohajer, commented.
Through the merger, Allset leaders Stas Matviyenko and Anna Polishchuk are joining SoundHound, bringing their expertise in shipping, engineering, and marketplace strategies. This integration allows SoundHound to develop a natural conversational system for effortless shopping and service access.
SoundHound intends to enhance voice-enabled food and beverage ordering capabilities across millions of vehicles, TVs, and smart devices as part of this collaboration. This initiative aims to boost operational efficiency, cut costs, and stimulate sales within the food ordering industry.
