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PRINCETON, NJ / ACCESSWIRE / March 4, 2021 / CerebrumX, with its industry-first, AI-driven automotive data services, and management platform, announced today the closing of Series A funding led by LG Technology Ventures, the global corporate venture capital arm of LG Group that invests in tech startups, with participation by strategic investor Cerence Inc. (NASDAQ: CRNC), the leader in AI-powered mobility experiences. The investment signifies industry endorsement of CerebrumX s technology and vision and will be utilized to drive the company s aggressive plan to tap into the automotive data analytics market by accelerating investments in R&D, cloud infrastructure, and onboarding ecosystem partners.
Per McKinsey & Company s 2020 consumer survey on autonomous driving, connectivity, electrification, and shared mobility, nearly 40 percent of consumers are interested in unlocking additional features after they ve purchased a vehicle, with that number rising to almost 50 percent for
CerebrumX Closes Series A Funding Round Led by LG Technology Ventures and Cerence Inc to Create AI-Driven Automotive Data Management Platform phoenixherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from phoenixherald.com Daily Mail and Mail on Sunday newspapers.