Bosch, Continental invest in AI vision startup: Page 2 of 2

February 17, 2021 //By Christoph Hammerschmidt
Bosch, Continental invest in AI vision startup
Recogni Inc, developer of an AI vision cognition system for autonomous vehicles, has successfully closed a Series B funding round of $48.9 million. With his technology, Recogni was able to convince new investors with big names: Among others, Robert Bosch Venture Capital and Continental are now on board, in addition to the ubiquitous technology investor WRVI Capital.

Recogni describes its mission as designing a vison-oriented artificial intelligence system from the ground up. The systems will deliver unprecedented performance through novel edge AI processing, allowing vehicles to see farther and faster and make driving decisions more accurately than humans while consuming minimal amounts of energy. The company is headquartered in San Jose, Calif. and has operations in Munich, Germany.

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 as well as the abovementioned 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.

For more information, visit www.recogni.com .

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