Cerence Inc. Common Stock
CRNCCerence Inc. (CRNC) specializes in developing AI-powered voice and visual recognition solutions for the automotive industry. Founded in 2019 as a spin-off from Nuance Communications, Cerence provides connected car assistants, speech recognition, and digital cockpit technologies to enhance in-vehicle experiences and enable seamless human-machine interaction.
Company News
Cerence Inc. announced strong customer adoption of its Cerence xUI platform, an AI-powered in-car assistant optimized with NVIDIA AI Enterprise and running on Microsoft Azure. Multiple premium global automakers have selected xUI to power next-generation in-car assistants beginning in 2026. The collaboration leverages NVIDIA's NIM microservices an...
Cerence Inc. announced a collaboration with Geely Auto to deploy Cerence xUI, a hybrid agentic AI platform, for enhanced in-vehicle voice interaction in overseas markets. The technology will debut in the Geely Galaxy M9 in April 2026, featuring multi-intent recognition, natural dialogue, and multi-seat interactions. The partnership demonstrates C...
Cerence Inc. announced the repurchase of $30 million in principal amount of its 1.50% Convertible Senior Notes Due 2028 at 92% of par value. The company plans to use this strategic move to reduce interest expense, eliminate refinancing dilution, and lower leverage. With $180 million in Notes remaining until 2028 maturity, Cerence will continue ev...
Cerence reported strong Q4 fiscal results with 11% revenue growth, secured a $49.5 million legal settlement from Samsung, and expects 8% growth in its core technology business in the coming year.
Cerence Inc. was awarded AutoTech AI Solution of the Year for its hybrid, agentic AI platform xUI, which offers multi-modal capabilities and seamlessly integrates third-party models for advanced in-car AI assistants.
