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About Cerence
Industries
Automotive & Transportation
AI & Machine Learning
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Burlington, Massachusetts
Founded
2019
Overview
Cerence develops AI-powered solutions for the automotive industry, focusing on improving the in-car experience for drivers and passengers. Their products include voice recognition systems and AI-driven assistants that enhance entertainment, connectivity, and safety while driving. Cerence collaborates with major automotive manufacturers to integrate these technologies into vehicles, such as the Mercedes Benz User Experience. Unlike many competitors, Cerence emphasizes ongoing support and upgrades through a subscription-based model, ensuring their technology stays current with trends in smart cities and electric vehicles. The company's goal is to transform transportation and shape the future of mobility by providing intuitive and personalized systems.
Simplify's Take
What believers are saying
- Cerence's partnership with Kawasaki expands its voice-powered AI solutions to the two-wheeler market.
- The introduction of Cerence xUI advances LLM-powered in-vehicle user experiences.
- Cerence's collaboration with Mapbox enhances voice-powered navigation for the automotive industry.
What critics are saying
- Increased competition from SoundHound's partnership with Lucid Motors may impact Cerence's market share.
- Microsoft's AI advancements with Siemens could overshadow Cerence's offerings in automotive applications.
- The trend towards voice AI in financial transactions pressures Cerence to expand beyond automotive.
What makes Cerence unique
- Cerence specializes in AI-powered solutions for the automotive industry, enhancing in-car experiences.
- The company collaborates with industry leaders like Nuance and Daimler for advanced user interaction.
- Cerence's solutions include voice recognition and AI-driven assistants for safer, enjoyable driving.
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Funding
Total Funding
$190M
Above
Industry Average
Funded Over
1 Rounds
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 3%2 year growth
↑ 4%To discuss the evolving role of AI in vehicle technology, Cerence will join executives from NVIDIA, JLR, and Renault at the NVIDIA GTC conference on March 20.
BURLINGTON, Mass., March 13, 2025 (GLOBE NEWSWIRE) - Cerence Inc. (NASDAQ: CRNC) ("Cerence AI"), a global leader pioneering conversational AI-powered user experiences, today introduced Cerence xUI(TM), its agentic AI assistant platform that works across the edge and the cloud to advance the next generation of LLM-powered in-vehicle user experiences.
Mapbox, a leading provider of mapping and location services, has partnered with Cerence AI, a pioneer in voice AI, to integrate Mapbox's navigation services with Cerence's voice solutions, including its in-car assistant platform.
BURLINGTON, Mass., Jan. 06, 2025 (GLOBE NEWSWIRE) - Cerence Inc. (NASDAQ: CRNC) ("Cerence AI" or "the Company"), a global leader in AI for transportation, announced today that it will be presenting at the 27th Annual Needham Growth Conference on Tuesday, January 14, 2025 at 12:45 p.m. Eastern Time.
Voice AI company SoundHound launched a partnership with electric vehicle maker Lucid. The car company released its hands-free voice assistant, Lucid Assistant, powered by SoundHound’s artificial intelligence, according to a Thursday (Jan. 2) press release. “Developing Lucid Assistant in cooperation with SoundHound enables us to deliver much more than a voice control feature,” Dr. Jean-Philippe Gauthier, head of software engineering at Lucid, said in the release. “In combination with Lucid’s frequent over-the-air software updates, Lucid Assistant can grow in functionality and capability over time, delivering an ever-better experience for Lucid owners.”
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About Cerence
Industries
Automotive & Transportation
AI & Machine Learning
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Burlington, Massachusetts
Founded
2019
There are no jobs for Cerence right now.
Find jobs on Simplify and start your career today