Recogni, Inc., a San Jose, CA-based designer of a vision-oriented artificial intelligence platform for autonomous vehicles, raised $25m in Series A financing.
The round was led by GreatPoint Ventures with participation from Toyota AI Ventures, BMW i Ventures, Faurecia, Fluxunit and DNS Capital.
The company intends to use the funds to continue to develop its platform and grow its engineering team.
Led by RK Anand, CEO, Recogni provides an artificial intelligence system which uses a vision cognition processor to solve the endpoint inferencing problem with autonomous vehicles, allowing them to see farther and make driving decisions faster than humans while consuming minimal amounts of energy.
The company, which also has operations in Munich, Germany, is currently in discussions with multiple auto manufacturers, to provide them with the full suite of enabling technology from modules to the software.
FinSMEs
31/07/2019