Automotive edge AI chip designer Recogni raises $49m: Page 2 of 2

February 17, 2021 // By Nick Flaherty
Automotive edge AI chip designer Recogni raises $49m
Continental, Robert Bosch Venture Capital, BMW and Toyota back low power camera edge AI chip developer Recogni for driverless vehicles

Frank Petznick, head of the Advanced Driver Assistance Systems business unit at Continental. “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.”

“RBVC invests in innovative startups that can change the course of an emerging market,” said Luis Llovera, Managing Director at Robert Bosch Venture Capital. “The outstanding performance of Recogni’s solution convinced us to invest. Their AI-powered vision platform will enable Tier 1s and OEMs to accelerate the transition from just safety features to full autonomy.”

“As a people-first investor, it always begins with the team,” said Navin Chaddha, Managing Director of Mayfield. “I first met R K seven years ago. I have always been impressed by him and we have kept in touch since then. When you combine that with our belief in the renaissance of silicon, it was obvious that Recogni’s approach to AI edge inference will help develop new generations of safe, power-efficient, self-driving vehicles. We look forward to partnering with them as they help put silicon back into Silicon Valley.”

www.recogni.com

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