Cerence
The world's leading provider of AI-powered automotive assistants.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
* | N/A | $190m | Post IPO Convertible |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 17 % | (15 %) | (10 %) | 13 % | (27 %) | 7 % | 8 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 25 % | 19 % | 2 % | 20 % | 14 % | 13 % | 19 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 12 % | (95 %) | (19 %) | (177 %) | (12 %) | (3 %) | 2 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| R&D % of revenue | 29 % | 33 % | 42 % | 37 % | - | - | - |
Source: Company filings or news article, Equity research estimates
Related Content
Cerence Inc. is a technology company that specializes in creating advanced, AI-powered solutions for the automotive industry. The company focuses on enhancing the in-car experience by developing intuitive, personalized, and intelligent systems that entertain, connect, inform, and ensure the safety of drivers and passengers. Cerence's primary clients are automotive manufacturers and suppliers who seek to integrate cutting-edge technology into their vehicles.
Operating in the global automotive market, Cerence plays a pivotal role in the evolution of connected and autonomous vehicles. The company collaborates with industry leaders like Nuance and Daimler to develop sophisticated user interaction software, such as the Mercedes Benz User Experience. Cerence's solutions include voice recognition, AI-driven assistants, and other sensory technologies that make driving more enjoyable and safer.
Cerence's business model revolves around providing software and services to automotive companies. They generate revenue through licensing their technology, offering subscription-based services, and providing ongoing support and upgrades. By continuously innovating and adapting to the latest trends in smart cities, shared rides, and electric vehicles, Cerence ensures its solutions remain at the forefront of the industry.
With over 20 years of experience, Cerence has built a reputation for trust, knowledge, and the ability to tackle complex technical challenges. Their commitment to transforming transportation and shaping the future of mobility is evident in their collaborative efforts and innovative solutions.
Keywords: AI-powered, automotive, in-car experience, voice recognition, connected vehicles, autonomous driving, user interaction, smart cities, electric vehicles, innovation.
