Self-Driving Startup Recogni Nabs $102 Million to Design AI Chip
Feb 20, 2024 - bloomberg.com
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.
