Cerence Inc - Company Profile
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Business Description
Cerence Inc (Cerence) provides automotive cognitive assistance for connected and autonomous vehicles. The company offers its software platform to original equipment manufacturers (OEM) and suppliers.
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R&D Overview
Cerence is focused on advancing its software platform and underlying components through its technical engineering centers located in major regions worldwide. The company employs approximately 800 research and development personnel, including scientists, engineers, and technicians. Cerence is committed to investing in research and development to deliver market-leading solutions for automotive cognitive assistance, and plans to continue investing in its product portfolio and growth opportunities. As of September, 2024, the company owns approximately 869 patents and patent applications, providing meaningful protection for its products, technologies, and technical innovations. In FY2024, the company spent US$121.6 million on R&D, which as a percentage of revenue stood at 36.7% and declined 1.4% YoY.
Product Categories
Overview
Offers customers to use the hosted software over the contract period without taking possession of the software. This service is provided on a usage basis as consumed or on a fixed fee subscription basis. Its contract terms generally range from one to five years.
Performance
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Overview
Offers embedded software and technology licenses, that operate without access to external networks and information.
Performance
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Overview
Offers distinct professional services, which include developing and supporting the roll-out of next-generation in-vehicle interaction, through the help of Artificial Intelligence.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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