Recogni Raises $48.9 Million Series B Investment Led by WRVI Capital
February 18, 2021
News
Mayfield Fund, Continental, Robert Bosch Venture Capital, and Existing Investors Join WRVI Capital in Financing Developer of High Performing Power-Efficient Perception Processing Technologies for Autonomous Vehicles
Recogni, the developers of an AI vision cognition system for autonomous vehicles, announced $48.9 million in a Series B financing round, led by WRVI Capital, a global technology investor. The proceeds will help Recogni bring its perception platform to market and expand its engineering and market teams.
In addition to WRVI Capital, new investors Mayfield Fund, Continental, and Robert Bosch Venture Capital joined existing investors GreatPoint Ventures, Toyota AI Ventures, BMW i Ventures, Fluxunit – OSRAM Ventures, and DNS Capital in the current financing round.
Recogni’s AI-powered vision cognition module (VCM) will address the challenges of autonomous vehicle design and deployment. Applying innovations in artificial intelligence, application-specific integrated circuits (ASICs), and system software, the VCM will deliver suitable performance at low power consumption, enabling high-resolution and high-frame-rate image processing from multiple cameras concurrently in real time.
For more information, visit www.recogni.com
