Cerence Inc (CRNC)

About

Cerence Inc. is focused on developing automotive cognitive assistance solutions. The Company provides artificial intelligence (AI)-powered assistants for connected and autonomous vehicles, including software platforms for building automotive virtual assistants. Its platform uses speech recognition, natural language understanding, speech signal enhancement and acoustic modeling technology. Automotive virtual assistants developed with the Company’s platform enables a range of modes of human-vehicle interaction, including speech, touch, handwriting, gaze tracking and gesture recognition, and supports the integration of third-party virtual assistants into the in-vehicle experience. Its software platform’s edge software components are installed on a vehicle’s head unit and can operate without access to external networks and information. It also offers professional services, such as personalization of grammar and natural language understanding development.