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Voice technology developer SoundHound AI (NASDAQ:SOUN) shares rose 17% in Friday afternoon trading.
Shares of SoundHound opened at $3.36, sliding to a low of $3.17 in early trading before climbing to close at a session high of $3.93.
SoundHound is a voice AI platform provider that allows customers to interact with products through voice. Customers include Hyundai, Mercedes-Benz, Pandora, Deutsche Telekom, Snap, Vizio, Kia and Stellantis.
The company went public on April 28 through a merged with SPAC Archimedes that SoundHound has value at perfunctory business worth about $2.1 billion.
