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Industries
Automotive & Transportation
AI & Machine Learning
Company Size
1,001-5,000
Company Stage
IPO
Total Funding
$190M
Headquarters
Burlington, Massachusetts
Founded
2019
Cerence develops AI-powered solutions specifically 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 within vehicles. Cerence collaborates with major automotive manufacturers to integrate these technologies into their vehicles, such as the Mercedes Benz User Experience. Unlike many competitors, Cerence emphasizes a comprehensive approach that includes ongoing support and upgrades, ensuring their technology adapts to trends like smart cities and electric vehicles. The company's goal is to transform transportation and shape the future of mobility through innovative and user-friendly solutions.
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Total Funding
$190M
Above
Industry Average
Funded Over
1 Rounds
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 SoundHoundâs artificial intelligence, according to a Thursday (Jan. 2) press release. âDeveloping Lucid Assistant in cooperation with SoundHound enables us to deliver much more than a voice control feature,â Dr. Jean-Philippe Gauthier, head of software engineering at Lucid, said in the release. âIn combination with Lucidâs frequent over-the-air software updates, Lucid Assistant can grow in functionality and capability over time, delivering an ever-better experience for Lucid owners.â
Digital payment solutions provider iWallet is adding voice artificial intelligence technology to its payments offering. The new technology comes as many consumers are using voice technology each day, according to a Monday (Dec. 30) press release. âHowever, the payments industry has lagged behind, relying on outdated systems and neglecting to integrate modern, secure technologies for seamless payment experiences,â the release said
Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More. Microsoft has launched a new suite of specialized AI models designed to address specific challenges in manufacturing, agriculture, and financial services. In collaboration with partners such as Siemens, Bayer, Rockwell Automation, and others, the tech giant is aiming to bring advanced AI technologies directly into the heart of industries that have long relied on traditional methods and tools.These purpose-built modelsânow available through Microsoftâs Azure AI catalogârepresent Microsoftâs most focused effort yet to develop AI tools tailored to the unique needs of different sectors. The companyâs initiative reflects a broader strategy to move beyond general-purpose AI and deliver solutions that can provide immediate operational improvements in industries like agriculture and manufacturing, which are increasingly facing pressures to innovate.âMicrosoft is in a unique position to deliver the industry-specific solutions organizations need through the combination of the Microsoft Cloud, our industry expertise, and our global partner ecosystem,â Satish Thomas, Corporate Vice President of Business Industry Solutions at Microsoft, said in a LinkedIn post announcing the new AI models.âThrough these models,â he added, âweâre addressing top industry use cases, from managing regulatory compliance of financial communications to helping frontline workers with asset troubleshooting on the factory floor â ultimately, enabling organizations to adopt AI at scale across every industry and region⌠and much more to come in future updates!âSiemens and Microsoft remake industrial design with AI-powered softwareAt the center of the initiative is a partnership with Siemens to integrate AI into its NX X software, a widely used platform for industrial design. Siemensâ NX X copilot uses natural language processing to allow engineers to issue commands and ask questions about complex design tasks
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Industries
Automotive & Transportation
AI & Machine Learning
Company Size
1,001-5,000
Company Stage
IPO
Total Funding
$190M
Headquarters
Burlington, Massachusetts
Founded
2019
Find jobs on Simplify and start your career today