Spotify Technology SA agreed to acquire Sonantic.
Sonantic is a dynamic AI voice platform that creates compelling, nuanced, and stunningly realistic voices from the text.
The financial terms of the transaction remain undisclosed.
Sonantic technology helped bring Val Kilmer’s voice to life in Tom Cruise’s blockbuster Top Gun: Maverick, the TechCrunch reports. Kilmer was unable to speak due to his throat cancer.
Spotify VP Ziad Sultan said, “This integration will enable us to engage users in a new and even more personalized way.”
Sonantic co-founders Zeena Qureshi and John Flynn said, “We believe in the power voice has and its ability to foster a deeper connection with listeners around the world, and we know we can be better than ever on the world’s largest audio platform.”
Spotify held €3.6 billion in cash and equivalents as of March 31.