| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor investor | €0.0 | round |
| investor investor investor investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
$37.5m Valuation: $38.0m | Acquisition | ||
| Total Funding | 000k | ||
| EUR | 2020 | 2021 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 14112 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| % profit margin | 503 % | 32 % |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Company filings or news article
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Snips.ai specializes in voice recognition technology designed for seamless integration into smart devices. Operating in the artificial intelligence and smart home markets, Snips.ai serves clients ranging from consumer electronics manufacturers to smart home device developers. The company's business model revolves around licensing its voice recognition software, which allows clients to embed advanced voice interaction capabilities into their products. This enables Snips.ai to generate revenue through software licensing fees and long-term partnerships. Acquired by Sonos, Snips.ai continues to operate from Paris, France, as part of the Sonos Voice Experience team, focusing on product and business development.
Keywords: voice recognition, smart devices, AI, software licensing, smart home, consumer electronics, embedded technology, user interaction, Sonos, Paris.