The German technology company, Continental, has acquired a minority stake in the German-U.S start-up Recogni. The company is working on a new chip architecture for object recognition in real time based on artificial intelligence (AI) that can perform rapid processing of sensor data for automated and autonomous driving.
As a strategic investor, Continental is contributing both its financial commitment as well as its expertise in the field of AI, vehicle sensors and advanced driver assistance systems to further the development of the chip design.
Continental expects production rollout of new chip architecture for faster object recognition expected as soon as 2026. Continental has a strategic partnership with U.S. chip maker NVIDIA.
Frank Petznick, head of the Advanced Driver Assistance Systems business unit at Continental, says: “Without faster chips, there will be no networking, no automation and no autonomous driving. Through our own research in the area of new chip designs, our strategic partnerships with large chip manufacturers such as NVIDIA and our investment in Recogni, we are taking the first step toward meeting the future need for highly specialized processors for sensor modules and control units for our powerful, high-performance vehicle computers.”
R K Anand, Recogni’s Chief Executive Officer, adds: “Continental’s support is a strong endorsement of Recogni’s approach to solving the most difficult challenges in autonomous driving. Recogni’s focus enables us to solve challenge of perception processing by building the world’s highest performing AI inference system at the lowest energy consumption, by developing cutting-edge ASICs for state-of-the-art inference algorithms.”
The collaboration between Continental and Recogni was initiated by Continental’s own start-up organization, co-pace. The worldwide team of technology experts took notice of Recogni and the two have been working together closely over the past 18 months to ensure the greatest possible technical feasibility and, above all, the theoretical efficiency of the new chip design.