# Cerence Inc. > American multinational software company that develops artificial intelligence assistant technology primarily for automobiles. **Wikidata**: [Q111387693](https://www.wikidata.org/wiki/Q111387693) **Wikipedia**: [English](https://en.wikipedia.org/wiki/Cerence) **Source**: https://4ort.xyz/entity/cerence-inc ## Summary Cerence Inc. is an American multinational software company founded in 2019 that develops artificial intelligence assistant technology primarily for automobiles, operating as a public company on the Nasdaq stock exchange. ## Key Facts - Founded in 2019 as a Delaware corporation - Headquartered in Burlington, United States - Operates as a public company listed on the Nasdaq stock exchange under ticker CRNC since September 15, 2019 - CEO was Stefan Ortmanns until October 7, 2024, when Brian Krzanich assumed the role - Primary industry is artificial intelligence within the automotive sector - Website: https://www.cerence.com/ - Legal entity identifier: 5493002WL2W5WMS89568 - ISIN: US1567271093 ## FAQs - What is Cerence Inc.'s primary business focus? Cerence Inc. develops artificial intelligence assistant technology primarily for automobiles. - When was Cerence Inc. founded and when did it go public? Cerence Inc. was founded in 2019 and went public on the Nasdaq stock exchange on September 15, 2019. - Who are the current and former CEOs of Cerence Inc.? The CEO position has been held by Stefan Ortmanns until October 7, 2024, with Brian Krzanich taking over at that time. - Where is Cerence Inc. headquartered and where is it listed on stock exchanges? Cerence Inc. is headquartered in Burlington, United States, and is listed on the Nasdaq stock exchange under ticker CRNC. - What is the legal structure of Cerence Inc.? Cerence Inc. operates as a Delaware corporation. ## Why It Matters Cerence Inc. matters because it develops AI assistant technology specifically for automobiles, addressing the growing need for intelligent in-vehicle systems that enhance driver experience and vehicle functionality. The company plays a crucial role in the automotive industry's digital transformation, providing solutions that integrate AI with vehicle operations, which is essential as autonomous vehicles and connected car technologies advance. ## Notable For - First public AI assistant technology company focused specifically on automotive applications - Listed on Nasdaq as CRNC since 2019 - Operates as a Delaware corporation with CEO succession from Stefan Ortmanns to Brian Krzanich - Develops AI solutions for in-vehicle experiences ## Body ### History and Background Cerence Inc. was established in 2019 as an American multinational software company. The company emerged from the automotive technology sector, focusing on artificial intelligence solutions specifically designed for vehicles. Its inception came during a period when the automotive industry was rapidly adopting digital technologies and AI capabilities to enhance vehicle functionality and driver experiences. ### Leadership and Governance The company operates as a Delaware corporation with a public listing on the Nasdaq stock exchange under the ticker symbol CRNC. The CEO position has transitioned between two individuals: Stefan Ortmanns, who served until October 7, 2024, and Brian Krzanich, who assumed the role at that time. This leadership change indicates a strategic shift or organizational evolution within the company. ### Industry Classification and Operations Cerence Inc. is classified within both the artificial intelligence and automotive industries, reflecting its specialized focus on developing AI assistant technology for vehicles. The company's operations center around creating intelligent systems that can understand and respond to user commands within automotive environments. Its website, https://www.cerence.com/, serves as the primary platform for information about its products and services. ### Corporate Structure and Identification As a public company, Cerence Inc. maintains standard corporate governance structures. Its legal entity identifier is 5493002WL2W5WMS89568, and it has an ISIN of US1567271093. The company is headquartered in Burlington, United States, with operations extending internationally as indicated by its designation as a multinational entity. ### Market Position and Competition Operating in a competitive landscape that includes major tech companies and specialized AI firms, Cerence Inc. positions itself as a dedicated provider of automotive AI solutions. The company competes with established players in the AI and automotive sectors while focusing on niche applications specific to vehicle environments. Its market presence is supported by its public listing and ongoing development of specialized AI technologies. ### Products and Technology Cerence Inc. develops artificial intelligence assistant technology designed to enhance in-vehicle experiences. The company's products likely incorporate machine learning, natural language processing, and other AI technologies to create intelligent interfaces that can understand and respond to driver and passenger needs. These systems may include voice assistants, predictive analytics, and other features that improve vehicle functionality and user interaction. ### Future Development and Strategy As part of its ongoing operations, Cerence Inc. continues to advance its AI technologies for automotive applications. The company's strategy likely involves continuous innovation and expansion of its product offerings to meet evolving market demands. With the automotive industry increasingly focused on autonomous vehicles and connected car technologies, Cerence Inc. plays a significant role in developing the intelligent systems that will power these next-generation vehicles. ## References 1. Global LEI Index 2. [Source](https://www.nasdaq.com/market-activity/stocks/crnc)