Recogni has emerged from stealth mode with $25 Million in Series A Funding to Deliver High-Performance, Low-Power AI Processing for Autonomous Vehicles.
A designer of a vision-oriented artificial intelligence platform for autonomous vehicles, the company saw a strong opening finance round led by GreatPoint Ventures with participation from Toyota AI Ventures, BMW i Ventures, Faurecia, Fluxunit, and DNS Capital.
Founded in 2017 and headquartered in San Jose, California, the company has operations in Munich, Germany and is positioning itself to revolutionise perception processing for Level 2+ autonomous vehicles. Using a Vision Cognition Processor, Recogni will solve the endpoint inferencing problem with autonomous vehicles efficiently and change the trajectory of full level 3, 4, and 5 autonomy. The company’s founders possess deep industry experience in system design, AI, vision, and custom silicon design.
“We see a huge opportunity here to truly achieve the goal of full vehicle autonomy with the Recogni platform,” said Ashok Krishnamurthi, Managing Partner at GreatPoint Ventures. “While scoping the market, we realized that most of the neural network accelerator technologies are either optimized for performance or power – none are optimized for both. We believe that the Recogni platform is orders of magnitude superior to anything we have seen. Further, this is a team we’ve known for years and have backed in the past. They are the right group to not only develop this promising technology but also get it into the hands of the auto OEMs.”