Cerence Inc.

Business Overview

- The Company provides AI-powered virtual assistants for cars, EVs, and connected and autonomous vehicles, including 2-wheelers. Its solutions power natural conversational and intuitive interactions between vehicles, drivers, passengers, and the broader digital world.

- The Company's popular software platforms include “Hey BMW” and “Ni hao Banma”.

- The Company generates revenue primarily from selling software licenses and cloud-connected services. It also generates professional services revenues by collaborating with OEMs and suppliers during the design, development, and deployment phases of the vehicle model lifecycle, as well as through maintenance and enhancement projects.

Competitors

• Alibaba
• AWS
• Apple
• Baidu
• Google
• iFLYTEK
• Microsoft
• SoundHound
• Tencent

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