Cerence Inc - Company Profile
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Cerence Inc (Cerence) is a provider of artificial intelligence (AI) supported assistants and innovations for connected and autonomous vehicles. The company also provides conversational AI, including natural language understanding, voice recognition services, gaze tracking, and gesture recognition. Cerence software platform enables customers to build virtual assistants in various categories including control, navigation, communication, media, information, and tools. The company serves original equipment manufacturers and suppliers in the automotive industry. It has a geographical presence in the US, Canada, China, Germany, Belgium, Hong Kong, India, Ireland, Italy, Japan, South Korea, the Netherlands, and Sweden. Cerence is headquartered in Burlington, Massachusetts, the US.
Headquarters
United States of America
Address
25 Mall Road, Suite 416, Burlington, Massachusetts, 01803
Website
www.cerence.com
Telephone
1 617 5800843
No of Employees
1,700
Industry
Automotive
Ticker Symbol & Exchange
CRNC (NASD)
Revenue (2022)
$294.5M
-10.2%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
81.9%
(2022 vs 2021)
Market Cap*
$406.7M
Net Profit Margin (2022)
XYZ
79.9%
(2022 vs 2021)
* As of and is in US$
Products and Services
| Services |
|---|
| Core Technologies: |
| Cerence Assistant |
| Voice Assistant Activation: Wake Word and Just Talk |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In January, the company and Smart Eye announced a collaboration to offer car makers with the next generation of human-to-machine interaction. |
| 2024 | Contracts/Agreements | In January, the company and Microsoft entered into a collaboration to deliver an in-vehicle user experience that results in Cerence’s extensive automotive technology portfolio and professional services. |
| 2024 | Contracts/Agreements | In January, the company and Volkswagen signed a contract to deploy automotive-grade ChatGPT for Volkswagen drivers. |
Competitor Comparison
| Key Parameters | Cerence Inc | Amazon.com Inc | Apple Inc | Google LLC | Microsoft Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Burlington | Seattle | Cupertino | Mountain View | Redmond |
| State/Province | Massachusetts | Washington | California | California | Washington |
| No. of Employees | 1,700 | 1,525,000 | 161,000 | 178,234 | 221,000 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Stefan Ortmanns | President; Chief Executive Officer; Director | Executive Board | 2021 | 60 |
| Daniel Tempesta | Chief Financial Officer | Senior Management | 2024 | - |
| Iqbal Arshad | Chief Technology Officer | Senior Management | 2023 | 52 |
| Christian Mentz | Chief Revenue Officer | Senior Management | 2023 | - |
| Sachin Sahney | Chief Human Resources Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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