Recogni, a San Jose, CA-based AI-based computing company, raised $102M in Series C funding.
The round was led by Celesta Capital and GreatPoint Ventures. Existing investors Mayfield, DNS Capital, BMW i Ventures, and SW Mobility Fund also participated. New investors included Pledge Ventures and Tasaru Mobility Investments, with debt provided by HSBC Innovation Banking.
The company intends to use the funds to drive system development for AI inference solutions that boost performance and empower efficiency while providing the lowest total cost of ownership.
Led by CEO Marc Bolitho, Recogni develops AI-based inference processing solutions for Generative AI and intelligent autonomous platforms, for high compute, low power, and scalability. It introduced Recogni Scorpio, its first low power AI compute product, which is a 1000 TFLOPS (1 Peta-Flop) class inference solution for various inference applications.
The company also has an office in Munich, Germany.
FinSMEs
20/02/2024