Complete List of All AI Companies Under $2 Billion Market Cap

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16. Cerence Inc. (NASDAQ:CRNC)

Market Capitalization: $602.27 Million

Number of Hedge Fund Holders: 10

Cerence Inc. (NASDAQ:CRNC) specializes in AI-powered virtual assistants for the mobility and transportation sectors globally. The company offers edge software, cloud-connected components, and professional services. Its conversational AI solutions include speech recognition, natural language understanding, text-to-speech, and acoustic modeling.

On January 3, Cerence (NASDAQ:CRNC) announced an expanded partnership with NVIDIA to improve its CaLLM language models, including the cloud-based Cerence Automotive Large Language Model (CaLLM) and the embedded CaLLM Edge. By integrating NVIDIA AI Enterprise and using tools like NVIDIA TensorRT-LLM and NVIDIA NeMo, Cerence AI accelerated the development of its models for the automotive industry.

The collaboration improves in-vehicle assistant performance, optimizes in-car interactions with an automotive version of NVIDIA NeMo Guardrails, and advances user experiences with an agentic architecture powered by NVIDIA DRIVE AGX Orin.

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