On May 3, 2018, SoundHound Inc. closed the transaction. The company amended the terms of the transaction as raised gross proceeds of $100,000,000 in the transaction. The transaction included participation from new investors, Tencent Holdings Ltd., Investment Arm, Daimler AG, Midea Group Co., Ltd., Orange S.A., and Hyundai Motor Company.

The round was raised at a valuation of $1,000,000,000.