A company called Recogni Inc. that designs a vision-oriented artificial intelligence (AI) platform for autonomous vehicles has emerged from stealth with the announcement of $25 million in Series A financing.
Founded in 2017, Recogni, which is headquartered in in San Jose, California, wants to help make autonomous vehicles a reality by creating high-performance and low-power AI processing. The company says that it is putting itself in position to “revolutionize” perception processing for Level 2+ autonomous vehicles.
According to Recogni, it will use a Vision Cognition Processor to efficiently solve the “endpoint inferencing problem” with autonomous vehicles, and ultimately change the trajectory of full level 3, 4, and 5 autonomy.
“The issues within the Level 2+, 3, 4, and 5 autonomy ecosystem range from capturing/generating training data to inferring in real-time. These vehicles need datacenter class performance while consuming minuscule amounts of power,” explains RK Anand, CEO of Recogni.
“Leveraging our background in machine learning, computer vision, silicon, and system design, we are engineering a fundamentally new system that benefits the auto industry with very high efficiency at the lowest power consumption. This round, one of the largest initial venture rounds raised by any AI silicon company in the space, is testament to our experience and responsible approach.”
Recogni will use the funds to deliver the “most capable inferencing system” to enable state of the art sensor fusion of visual and depth sensor data. The company also plans to expand its engineering team.
Recogni says that it is currently talking to several auto manufacturers about providing them with the full suite of enabling technology from modules to the software.