SoundHound, once just a music-recognition app, is now a billion dollar company

Around the same time that Shazam was selling for a fraction of its valuation the last time it was priced, its competitor SoundHound quietly raised a new round of financing that values the company at an estimated $1 billion, Recode has learned. Investors apparently believe that despite the troubles of a similar product, there is value in virtual assistants.

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