Recogni Inc., 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.
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.
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 groundbreaking performance at ultra-low power consumption, enabling high-resolution and high-frame-rate image processing from multiple cameras concurrently in real time.