Cerence
Cerence Inc.: A US-based software company specializing in AI assistant technology for automobiles.
Founded
2019Cerence Inc.: A US-based software company specializing in AI assistant technology for automobiles.
Cerence Inc. is a US-based software company specializing in AI assistant technology for automobiles. Founded in 2019 as a spin-off from Nuance Communications' automotive division, Cerence aims to revolutionize the in-car experience with advanced AI solutions. The company offers products such as automotive AI and voice assistant technology, focusing on enhancing driver and passenger interactions through conversational and generative AI-powered solutions. Cerence is headquartered in Burlington, Massachusetts, and is publicly traded on Nasdaq under the ticker CRNC.
Cerence has made significant strides in the automotive AI industry, partnering with major automakers like BMW Group to integrate its technologies. Notable achievements include the development of Cerence Emergency Vehicle Detection and the launch of CaLLM™, an automotive large language model. Under the leadership of CEO Stefan Ortmanns and Chairman Arun Sarin, Cerence continues to push the boundaries of in-car AI, aiming to elevate the transportation user experience. The company reported a revenue of $328 million in 2022, reflecting its growing impact in the market.
Companies similar to Cerence include SoundHound AI, Sensory, Nuance and C3 AI.
Cerence was founded in 2019.
Cerence's headquarters is located in Burlington, MA, US.
Cerence's most recent funding round was for $190M (USD) in June 2023.
As of Jun 22, 2023, Cerence has disclosed funding of $190M (USD). Undisclosed round amounts are excluded.
Cerence has 900 employees as of Feb 6, 2024.
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