Self-Driving Startup Recogni Nabs $102 Million to Design AI Chip

Recogni Inc., a San Jose-based AI startup that supports autonomous vehicles, has raised $102 million in a Series C funding round. The round was led by Celesta Capital and GreatPoint Ventures, with participation from HSBC Holdings Plc and Tasaru Mobility Investments, a subsidiary of Saudi Arabia’s sovereign wealth fund.

The funding comes as Recogni expands its operations into designing chips for generative AI. To date, the company has raised a total of $175 million. However, Recogni has not disclosed its valuation.

Key takeaways

Recogni Inc., an AI startup that supports autonomous vehicles, has raised $102 million in funding.
The funding came after the company expanded into designing chips for generative AI.
The Series C round was led by Celesta Capital and GreatPoint Ventures, with participation from HSBC Holdings Plc and Tasaru Mobility Investments.
To date, Recogni has raised a total of $175 million, but did not provide a valuation.

Self-Driving Startup Recogni Nabs $102 Million to Design AI Chip

Key takeaways

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