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Cerence Inc.

Business Overview

- The Company provides AI-powered virtual assistants for the automotive and transportation markets, including passenger cars, trucks, and 2 wheelers. Its solutions power natural conversational and intuitive interactions between vehicles, drivers, passengers, and the broader digital world.

- The Company's major vehicle OEM customers include BMW, Mercedes-Benz, Volkswagen, Stellantis, Renault, Toyota, Ford, General Motors, BYD, Great Wall Motor, and NIO.

- The Company generates revenue primarily from selling software licenses and cloud-connected services. It also generates service revenue 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.

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