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Venture, auto investors pour $48.9 million into San Jose AI hardware startup Recogni bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Automotive edge AI chip designer Recogni raises $49m February 17, 2021 // By Nick Flaherty Continental, Robert Bosch Venture Capital, BMW and Toyota back low power camera edge AI chip developer Recogni for driverless vehicles Recogni has raised $48.9m (€40m) for its AI automotive perception module technology, bringing the total for the US-German company to nearly $75m. The Series B financing round was led by WRVI Capital with Robert Bosch Venture Capital and will bring its vision cognition module (VCM) to market and expand its engineering and sales teams. New investors Mayfield Fund and Continental joined GreatPoint Ventures, Toyota AI Ventures, BMW i Ventures, Fluxunit – OSRAM Ventures, and DNS Capital in the round. ....
Share this article Share this article SAN JOSE, Calif. and MUNICH, Feb. 17, 2021 /PRNewswire/ Recogni Inc., the developers of an AI vision cognition system for autonomous vehicles, today announced $48.9 million in a Series B financing round, led by WRVI Capital, a prominent global technology investor. The proceeds will help Recogni bring its perception platform to market and expand its engineering and go-to-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. ....