Cerence Signs Contract With Automaker for Connected AI
$149 million contract for Cerence cloud-based offerings to accelerate global expansion ambitions for large European OEM.
Digital Thread News
Digital Thread Resources
December 27, 2021
Cerence Inc. has signed the largest contract in the company’s history, the company reports.
Cerence has signed a contract with a valuation of $149 million with a large European automaker for its connected, conversational AI automotive assistant products. This contract is significant for the company both in its size and as a validation of continued OEM partnership and commitment to deeply integrated, custom-branded in-car assistant experiences.
“This milestone deal marks another important moment for Cerence as we accelerate growth and sustain momentum with automotive customers,” says Stefan Ortmanns, CEO, Cerence. “It is gratifying to see how Cerence innovations play such a fundamental role in our customers’ strategic ambitions.”
Sources: Press materials received from the company and additional information gleaned from the company’s website.