Venture
from24/7 Wall St.
1 day agoWall Street Sees Contrarian Buy in Cerence After 39% Drop
Cerence Inc. is viewed as a leader in automotive voice technology with significant growth potential despite a 39% stock decline this year.
Match Group, the dating giant that owns apps like Hinge, Tinder, and OkCupid, is backing Overtone with pre-seed financing and plans to take a "substantial ownership position," according to a press release. With Match's support, Overtone was incubated as a project inside of Hinge. McLeod and a dedicated team spent the year developing the idea of Overtone, which is described as "an early-stage dating service focused on using AI and voice tools to help people connect in a more thoughtful and personal way."