Benzinga | Dec 23, 2021 08:08AM EST

Cerence Wins $149M Contract With Large European Automaker For Its Connected Conversational AI Auto Assistant Products

Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today announced it has signed the largest contract in the company's history.

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," said Stefan Ortmanns, CEO, Cerence. "It is gratifying to see how Cerence innovations play such a fundamental role in our customers' strategic ambitions. I'm incredibly proud of our passionate, dedicated global team that is taking Cerence to new heights and look forward to ongoing partnership with automakers worldwide for a safer, more enjoyable journey for everyone."

To learn more about Cerence, visit www.cerence.com, and follow the company on LinkedIn and Twitter.