(3) 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 drivers who purchased a premium vehicle. For OEMs to capitalize on this driver desire, they need to be able to bring services from the idea stage to vehicle integration in under six weeks, accelerating the process with a safe, secure, real-time data management platform supported by an intelligent edge computing environment and powered by an ecosystem of cross-domain players.