$175 Million

Cerence Inc

Convertible Debt

Co-Manager, May 2020

Cerence Inc

Cerence Inc builds automotive cognitive assistance solutions to power natural and intuitive interactions between automobiles, drivers and passengers, and the broader digital world. Cerence was spun off from Nuance in October 2019, which was founded in 1994 as a spin-off of SRI International's Speech Technology and Research (STAR) Laboratory to commercialize the speaker-independent speech recognition technology developed for the US government.