SoundHound Inc. announced that it has issued 3,646,050 series D preferred stock for gross proceeds of $75,000,000 on January 30, 2017. The series D round of funding co-led by new investors Samsung Catalyst Fund, a fund managed by Samsung Venture Investment Corporation, GPU Ventures, and Nomura Holdings, Inc.. The transaction involved participation from returning investors Global Catalyst Partners, Walden Venture Capital, and TransLink Capital and new investors, MKaNN, Sompo Japan Nipponkoa Insurance Inc., Kleiner Perkins Caufield & Byers, SharesPost 100 Fund, a fund managed by SP Investments Management, LLC, and RSI I Fund LLC, a fund managed by Recruit Holdings Co.,Ltd., Investment Arm.

The shares are non-redeemable. The shares carry non-cumulative, and participating fixed dividend value of $2.08504 per share per annum. The shares will be convertible into common shares at a fixed conversion price of $26.063 per share.

The company has raised $115,000,000 in funding till date.