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

Get referred to Cerence

See people who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • Q3 FY2026 revenue hit $69.6 million, up 12%, with $20 million free cash flow.
  • August 6, 2026, Cerence raised FY2026 free cash flow guidance to $76 million-$82 million.
  • xUI reached 100,000 vehicles, and first major programs target production in 2026.

What critics are saying

  • Q4 FY2026 revenue guides to $61 million-$65 million, below Q3 after license roll-off.
  • The May 2026 Amazon ITC case now anchors licensing leverage and cash-flow expectations.
  • One OEM design-out would gut Cerence's installed-base economics and destabilize the business.

What makes Cerence unique

  • Cerence xUI launched at CES 2026, blending edge-cloud voice AI for low-latency cabins.
  • BYD expanded Cerence xUI in April 2026, proving OEM scale across global models.
  • Its patent portfolio spans 525 million shipped cars and backs Amazon litigation leverage.

Help us improve and share your feedback! Did you find this helpful?

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

-1%
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.

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

Woodburn Independent
May 5th, 2026
Cerence AI files complaint with the International Trade Commission against Amazon.

Cerence AI files complaint with the International Trade Commission against Amazon. GlobeNewswire | Cerence Operating Company Yesterday at 2:00pm PDT BURLINGTON, Mass., May 05, 2026 (GLOBE NEWSWIRE) - Cerence Inc. (NASDAQ: CRNC) ("Cerence AI"), a global leader pioneering conversational AI-powered user experiences, today announced the filing of a complaint with the United States International Trade Commission (ITC) against Amazon.com, Inc., and Amazon.com Services LLC, to block the importation of products that infringe on Cerence's intellectual property (IP). The company also filed district court actions against both parties and Amazon Web Services, Inc. (collectively, "Amazon") in the United States District Court for the Eastern District of Texas for such infringement. The ITC complaint, filed under Section 337 of the Tariff Act of 1930, requests a limited exclusion order prohibiting the importation into the United States of certain smart devices, including smart speakers, smart displays, smart televisions, tablets and smart streaming devices, that infringe on Cerence AI's voice technology patents. Cerence AI has a rich history of innovation and technological achievement, resulting in a strong patent portfolio. The lawsuits against Amazon cover certain core Cerence technologies, including industry-leading conversational AI technology, developed and deployed across Cerence's products and customer programs, and their unauthorized use across Amazon devices and platforms. These technologies are foundational to Cerence's product portfolio and underpin its ongoing work with the world's leading automakers, transportation OEMs, and technology companies. "Cerence AI is built on decades of innovation, and we take the protection of our intellectual property seriously," said Jennifer Salinas, EVP, Chief Administrative Officer, General Counsel & Corporate Secretary, Cerence AI. "These actions reflect our commitment to defending the patented technologies that underpin our products and enable the conversational AI-powered experiences our customers rely on. We will pursue all appropriate remedies to protect the value of our R&D investments." 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. Forward Looking Statements Statements in this press release regarding: Cerence's expectations, anticipations, intentions, beliefs or strategies constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "goal," "anticipates," "projects," "forecasts," "expects," "intends," "continues," "will," "may," or "estimates" or similar expressions) should also be considered to be forward-looking statements. Although Woodburn Independent believe forward-looking statements are based upon reasonable assumptions, such statements involve known and unknown risk, uncertainties and other factors, which may cause actual results or performance of the company to be materially different from any future results or performance expressed or implied by such forward-looking statements including but not limited to: there can be no assurance as to developments related to the litigation, the outcome of the litigation, or remedies that could be awarded in connection with the litigation; its ability to establish or maintain its intellectual property and other proprietary rights; IP, or legal strategies; and the other factors discussed in its most recent Annual Report on Form 10-K, quarterly reports on Form 10-Q, and other filings with the Securities and Exchange Commission. Woodburn Independent disclaim any obligation to update any forward-looking statements as a result of developments occurring after the date of this document. Contact Information This is a paid placement. For further inquiries, please contact GlobeNewswire directly.

Associated Press
Apr 8th, 2026
BYD to deploy Cerence's LLM-powered AI assistant in global vehicles this spring

Cerence AI has expanded its partnership with BYD to power the Chinese automaker's conversational in-car AI assistant using its Cerence xUI platform. The LLM-powered assistant will launch this spring in BYD's ATTO 2 DM-i, followed by other global models. The system features multi-step conversational capabilities, real-time information access, and is powered by CaLLM, Cerence's automotive-optimised language models. The platform supports multiple languages, enabling BYD to deliver localised experiences whilst maintaining global brand consistency. The deployment follows an accelerated timeline and builds on the companies' longstanding partnership. Cerence has shipped technology in over 525 million cars globally and is headquartered in Burlington, Massachusetts.

Yahoo Finance
Mar 18th, 2026
Jim Cramer backs Cerence despite 48% stock drop since February Mad Money appearance

Cerence Inc., an AI software company specialising in voice assistants and natural language understanding, has received backing from CNBC's Jim Cramer despite significant stock declines. The shares have fallen 30% over the past year and 48% since Cramer discussed the company in February, when he called it attractive at $12, down from $27. The stock's volatility reflects mixed earnings results. Cerence surged 27.5% in November after reporting fourth-quarter revenue of $60.6 million, exceeding guidance. However, shares plunged 29% in February following first-quarter results that showed a $5.2 million net loss, worse than expected. In June, Cramer maintained his optimistic stance, declaring "Cerence is a winner." The company provides AI assistants for text-to-speech and natural language understanding applications.

Recently Posted Jobs

Sign up to get curated job recommendations

Cerence is Hiring for 29 Jobs on Simplify!

Find jobs on Simplify and start your career today

Don't see your dream role? Check out thousands of other roles on Simplify. Browse all jobs →