Recogni

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2590 North First Street, San Jose, California 95131, United States

Recogni is a self-driving car engineering company specializing in AI-based perception systems. They focus on developing hardware and software solutions that enable vehicles to "see" and understand their surroundings accurately and efficiently.

Recogni Potential Upsides

  • Technology: Recogni boasts industry-leading low-power consumption and high-resolution processing capabilities for its AI chips, which are crucial for autonomous driving applications. They recently launched the Scorpio, a 1000 TOPS (trillion operations per second) chip, which is one of the most powerful on the market for autonomous vehicles.
  • Partnerships: They have established partnerships with major players in the automotive industry, including BMW, Toyota, Bosch, and Continental, which speaks to the potential and credibility of their technology.
  • Funding: They have secured significant funding, including a recent $102 million Series C round, indicating investor confidence in their solutions.
  • Focus: Their focus on perception, a critical aspect of self-driving technology, allows them to specialize and potentially excel in this area.

Potential Recogni Downsides

  • Newcomer: Compared to established players in the self-driving space, Recogni is a relatively young company. This means they might have less experience and market share.
  • Limited information: While they have a strong online presence, their website and press releases can be light on technical details, making it harder to independently assess their technology's capabilities.
  • Focus on technology: Their focus on technology might mean less emphasis on the broader ecosystem needed for self-driving cars, such as infrastructure and safety regulations.

Recogni Overall

Recogni is a promising player in the self-driving car industry with innovative technology and strong partnerships. However, their relative youth and limited public technical information are important factors to consider. Ultimately, their success will depend on their ability to translate their technological capabilities into real-world applications and navigate the complex challenges of the self-driving car landscape.

Editorial Notes

  • This overview is based on publicly available information and does not constitute financial advice.
  • The self-driving car industry is rapidly evolving, and this information may become outdated over time.

Resources

In The News

November 30, -0001
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Submitted by: Maverick
Submitted on: February 22, 2024
In a significant leap forward for AI-based computing, Recogni Inc., an industry-leading Artificial Intelligence (AI) firm, has successfully secured a whopping $102 Million in a Series C funding round. This funding extravaganza was jointly spearheaded by Celesta Capital and GreatPoint Ventures, with contributions from existing investors like Mayfield, DNS Capital, BMW i Ventures, and SW Mobility Fund. Additional participants included new investors Pledge Ventures and Tasaru Mobility Investments, a wholly-owned subsidiary of the Public Investment Fund (PIF), with debt components provided by HSBC Innovation Banking.

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