San Jose, CA based startup Recogni announced it has obtained new funding for its artificial intelligence based platform for automobiles.
The startup announced it has raised $25 million in Series A funding from Great Point Ventures which lead the funding in this round. Supporting investors in this round includes Toyota AI Ventures, BMW i Ventures, Fluxunit, DNS Capital, and Faurecia.
Recogni is positioning itself to revolutionize perception processing for Level 2+ autonomous vehicles. Recogni, using a Vision Cognition Processor, plans to solve the endpoint inferencing problem with driverless vehicles and change the trajectory of full level 3, 4 and 5 autonomy.
The startup, launched in 2017, plans to use the new funding to deliver its inferencing system to enable state of the art sensor fusion of visual and dept sensor data while continuing to grow its engineering team. The company is currently talking with several auto manufacturers to get its technology into their vehicles.