About Cerence
Cerence is a company based in Burlington (United States) founded in 2019.. The company has 1,400 employees as of September 30, 2024. Cerence operates in a competitive market with competitors including Drivemode, Hi Auto, ContinUse Biometrics, Perceptive Automata and Auto Chilango, among others.
- Headquarter Burlington, United States
- Employees 1400 as on 30 Sep, 2024
- Stage Public
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Sectors
TechnologyTransportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Cerence Inc.
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Annual Revenue
$331.5 M12.57as on Sep 30, 2024
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Net Profit
$-588.08 M-945.4as on Sep 30, 2024
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EBITDA
$56.94 M7432.14as on Sep 30, 2024
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Latest Funding Round
$310.01 K (USD), Grant
Jan 01, 2021
- Investors
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Employee Count
1400
as on Sep 30, 2024
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IPO & Listings of Cerence
Cerence is a publicly listed company on the NASDAQ with ticker symbol CRNC in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of Cerence
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $310,009
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First Round
First Round
(29 May 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2021 | Amount | Grant - Cerence | Valuation |
investors |
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| May, 2020 | Amount | Post-IPO - Cerence | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cerence
Cerence has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cerence
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Cerence
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cerence Comparisons
Competitors of Cerence
Cerence operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Drivemode, Hi Auto, ContinUse Biometrics, Perceptive Automata and Auto Chilango, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital assistance for drivers is enabled through a mobile app.
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| domain | founded_year | HQ Location |
Speech-to-intention recognition platform for automobile in-cabin intelligence is developed.
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| domain | founded_year | HQ Location |
Contactless biometric sensor for the continuous monitoring of biomedical parameters
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| domain | founded_year | HQ Location |
An AI-enabled platform providing perception software for autonomous vehicles.
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| domain | founded_year | HQ Location |
An automotive management app is provided for vehicle owners.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cerence
Frequently Asked Questions about Cerence
When was Cerence founded?
Cerence was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Cerence located?
Cerence is headquartered in Burlington, United States. It is registered at Burlington, Vermont, United States.
Who is the current CEO of Cerence?
Brian Krzanich is the current CEO of Cerence.
How many employees does Cerence have?
As of Sep 30, 2024, the latest employee count at Cerence is 1,400.
What is the annual revenue of Cerence?
Annual revenue of Cerence is $331.5M as on Sep 30, 2024.
What does Cerence do?
Cerence was founded in 2019 and is based in Burlington, United States. AI and SaaS-enabled virtual assistants for connected vehicles are offered, focusing on the automotive sector. In-vehicle infotainment and connected car functionalities are supported through speech recognition, natural language understanding, natural language processing, text-to-speech, acoustic signals, dialogue enhancement, and augmented reality. Integrations with third-party applications, including Alexa, Siri, Google Assistant, Spotify, OpenTable, AccuWeather, Yelp, Parkopedia, and Baidu, are enabled.
Who are the top competitors of Cerence?
Cerence's top competitors include Drivemode, Hi Auto and ContinUse Biometrics.
Is Cerence publicly traded?
Yes, Cerence is publicly traded on NASDAQ under the ticker symbol CRNC.
Who are Cerence's investors?
Cerence has 1 investor. Key investors include European Union.
What is Cerence's ticker symbol?
The ticker symbol of Cerence is CRNC on NASDAQ.
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