Cerence

Cerence

AI-powered in-car voice and assistant software

Overview

Cerence creates AI-powered software for the automotive industry to improve the in-car experience, safety, and connectivity. Its products include voice recognition, AI-driven assistants, and sensory technologies that help entertain, inform, and assist drivers and passengers. The software integrates into vehicles via licensing and subscription models, with ongoing support and updates as a service. Cerence works with automakers and suppliers (such as Mercedes-Benz, Nuance, and Daimler) to embed intelligent user interactions into infotainment and cockpit systems, contributing to connected and autonomous driving efforts. The company differentiates itself through deep automotive expertise, long-standing partnerships, and end-to-end software and services tailored for vehicles. Its goal is to advance transportation by making mobility safer, more personalized, and better connected, aligned with trends in smart cities, electric vehicles, and shared mobility.

About Cerence

Simplify's Rating
Why Cerence is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Automotive & Transportation

Enterprise Software

AI & Machine Learning

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Burlington, Massachusetts

Founded

2019

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Simplify's Take

What believers are saying

  • Q3 fiscal 2026 recurring connected services revenue rose 20%, improving visibility.
  • Management raised fiscal 2026 free cash flow guidance to $76 million-$82 million.
  • Cerence's BYD rollout and Stellantis win target millions of xUI vehicles by 2027.

What critics are saying

  • Variable license revenue weakened in Q3 2026 from South America and South Asia OEM mix.
  • Cerence's Amazon, Apple, TCL, and Sony litigation offers no near-term revenue certainty.
  • If xUI adoption stalls, Cerence remains exposed to volatile automaker production cycles.

What makes Cerence unique

  • Cerence xUI reached 100,000 vehicles by August 2026, proving production traction.
  • BYD, Stellantis, Mercedes-Benz, and BMW anchor Cerence's automotive AI customer roster.
  • Cerence owns voice and conversational AI patents and 525 million shipped-vehicle deployments.

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Funding

Total Funding

$190M

Above

Industry Average

Funded Over

1 Rounds

Post IPO Convertible funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Convertible Funding Comparison
Coming Soon

Benefits

Health Insurance

Life Insurance

Disability Insurance

Paid Vacation

Paid Holidays

Company Equity

Hybrid Work Options

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-2%
Cerence Inc.
Aug 17th, 2026
Closing a critical safety gap in autonomous driving.

Closing a critical safety gap in autonomous driving. By Stefan Hamerich, Senior Director Product Management August 17, 2026 Autonomous mobility is on the rise. Robotaxi companies like Zoox and Waymo are serving hundreds of thousands of rides each week, autonomous trucking is advancing toward widescale commercial deployment, and automated driving systems continue to expand across passenger vehicles and commercial fleets. As these technologies mature, attention is increasingly turning to one question: how safely can autonomous vehicles (AVs) operate in complex, real-world conditions? One of the most important aspects of this conversation is how AVs recognize and respond to emergency vehicles. To help address this challenge, Cerence AI developed Emergency Vehicle Detection (EVD), an audio AI solution that detects approaching emergency vehicles and alerts either the driver or the vehicle system. The Safety Challenge Emergency situations are rarely straightforward. An ambulance may be approaching from behind in heavy traffic. A fire truck may be navigating through a congested urban corridor. First responders may be managing an active scene using emergency lights, traffic cones, and other signals. In July, the United States National Highway Traffic Safety Administration (NHTSA) issued a public call to action urging autonomous vehicle developers to place greater focus on interactions between AVs and first responders. The agency highlighted repeated instances where AVs interfered with emergency operations. The implications extend beyond autonomous driving. Whether operated by a human or an automated system, a car that fails to recognize an approaching emergency vehicle can delay response times, create confusion in already stressful situations, and introduce unnecessary safety risks. As automated mobility continues to scale, emergency vehicle awareness will become an increasingly important component of the overall safety stack. Why Audio Matters Many autonomous driving conversations focus on what a vehicle can see. Cameras, radar, and other sensors provide essential information about the surrounding environment. Yet emergency vehicles are often heard before they are seen. Traffic, buildings, weather conditions, and other obstacles can limit visibility. Sirens are specifically designed to provide advance warning before an emergency vehicle reaches a driver's field of view. Those additional seconds give drivers or automated systems valuable time to make decisions that can impact safety-critical outcomes. Audio offers a unique and important layer of environmental awareness that complements other vehicle sensing technologies. Enabling Better Situational Awareness for Autonomous Vehicles Cerence EVD is certified in 47 countries and supports more than 1,500 siren sounds. It is designed to recognize a broad range of emergency vehicles, including ambulances, police cars, and fire engines. It can identify sirens from more than 300 meters away using vehicle-integrated microphones. When external microphones are used, detection distances can extend beyond 800 meters. External microphone configurations also support directional awareness, helping determine where the siren is coming from. Using advanced audio processing and AI-based classification, EVD can distinguish emergency sirens from surrounding sounds such as traffic noise, music, conversations, and other common driving distractions. Proven in Today's Vehicles and Tomorrow's Mobility Platforms Emergency vehicle detection is a real-world challenge that requires solutions capable of operating across countries, vehicle types, roadway conditions, and regulatory environments. Cerence EVD is already being deployed across vehicle programs and mobility platforms. Mercedes-Benz and BMW have integrated EVD as part of their automated driving initiatives, and the technology is being applied across use cases ranging from passenger vehicles to autonomous bus deployments. Cerence also works with customers across emerging mobility categories, including robotaxis and autonomous trucking. Looking Ahead As autonomous mobility continues to evolve, emergency vehicle awareness will become a foundational capability. Vehicles must be able to understand more than lane markings, traffic signals, and nearby objects. They also need to recognize critical situations developing beyond their immediate field of view and respond appropriately when every second counts. Cerence EVD has an important role to play in that future. Serving as a vehicle's "ears," it helps drivers recognize and respond to emergency vehicles earlier, supporting safer roads for drivers, passengers, first responders, and the communities they serve. To learn more about Cerence Emergency Vehicle Detection and how it can support your mobility platform, contact the Cerence AI team or visit the EVD page.

Yahoo Finance
Aug 8th, 2026
Cerence shifts to growth mode in fiscal 2027 with xUI scaling to 2M vehicles

Cerence reported fiscal third-quarter 2026 results highlighting a 20% year-over-year increase in recurring connected services revenue. The automotive AI company now has approximately 100,000 vehicles running its xUI platform, with management targeting a couple million by the end of fiscal 2027. The company secured a major xUI contract with Stellantis and its first mobile work agent customer. Variable license revenue faced headwinds from unfavorable regional production mix and difficult year-over-year comparisons. Cerence is expanding into non-automotive sectors, including industrial operations and robotics. Management expects high-single to low-double digit revenue growth in fiscal 2027, driven by xUI scaling and non-automotive initiatives. The board authorised the company's first share repurchase programme of up to $30 million. Free cash flow guidance for fiscal 2026 was raised to $76 million to $82 million.

Yahoo Finance
Aug 7th, 2026
Cerence reports $1.5M profit in Q3, expects revenue of $61M–$65M for Q4

Cerence, an automotive artificial intelligence developer, reported a net profit of $1.5 million for its fiscal third quarter, translating to 3 cents per share. Adjusted earnings came to 15 cents per share. The Burlington, Massachusetts-based company posted revenue of $69.6 million for the period. For the current quarter ending in September, Cerence expects revenue between $61 million and $65 million. The company projects a full-year loss of 2 cents to 6 cents per share, with revenue ranging from $310 million to $314 million.

WTOP
Aug 6th, 2026
Cerence: fiscal Q3 earnings snapshot.

Cerence: fiscal Q3 earnings snapshot. August 6, 2026, 5:30 PM BURLINGTON, Mass. (AP) - BURLINGTON, Mass. (AP) - Cerence Inc. (CRNC) on Thursday reported profit of $1.5 million in its fiscal third quarter. The Burlington, Massachusetts-based company said it had net income of 3 cents per share. Earnings, adjusted for stock option expense, came to 15 cents per share. The automotive artificial intelligence developer posted revenue of $69.6 million in the period. For the current quarter ending in September, Cerence said it expects revenue in the range of $61 million to $65 million. The company expects a full-year loss of 2 cents to 6 cents per share, with revenue ranging from $310 million to $314 million. Keep Watching Ocean City auctioning off signs to let beach lovers bring home a piece of history Ocean City auctioning off signs to let beach lovers bring home a piece of history This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRNC at https://www.zacks.com/ap/CRNC

Cerence Inc.
May 13th, 2026
Cerence AI to participate in TD Cowen 54th Annual Technology, Media & Telecom Conference.

Cerence AI to participate in TD Cowen 54th Annual Technology, Media & Telecom Conference. BURLINGTON, Mass., May 13, 2026 (GLOBE NEWSWIRE) - Cerence Inc. (NASDAQ: CRNC) ("Cerence AI"), a global leader pioneering conversational AI-powered user experiences, today announced that the Company will participate in the TD Cowen 54th Annual Technology, Media & Telecom Conference in New York City. Cerence AI's President and Chief Executive Officer, Brian Krzanich, and its Chief Financial Officer, Tony Rodriquez, will participate in a fireside chat on Wednesday, May 27 at 9:05 am ET. A live webcast will be available on the Company's website at www.cerence.ai under the "Investors" section. A replay of the webcast will be available for 90 days after the event. The Company also will conduct one-on-one meetings with investors throughout the day. To schedule a meeting, please contact your TD Cowen representative, or Cerence AI Investor Relations at [email protected]. About Cerence Inc. Cerence Inc. (NASDAQ: CRNC) is a global industry leader in creating intuitive, seamless, AI-powered experiences across automotive and transportation. Leveraging decades of innovation and expertise in voice, generative AI, and large language models, Cerence powers integrated experiences that create safer, more connected, and more enjoyable journeys for drivers and passengers alike. With more than 525 million cars shipped with Cerence technology, the company partners with leading automakers, transportation OEMs, and technology companies to advance the next generation of user experiences. Cerence is headquartered in Burlington, Massachusetts, with operations globally and a worldwide team dedicated to pushing the boundaries of AI innovation. For more information, visit www.cerence.ai. Released May 13, 2026

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