Self-Driving Startup Recogni Nabs $102 Million to Design AI Chip
- Startup making accelerator chip for developing AI models
- Previously focused on building tools for autonomous vehicles
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Recogni Inc., an artificial intelligence startup that builds technology to support autonomous vehicles, has raised $102 million in funding after expanding into designing chips for generative AI.
The San Jose, California-based company raised a Series C round led by Celesta Capital and GreatPoint Ventures. HSBC Holdings Plc and Tasaru Mobility Investments, a subsidiary of Saudi Arabia’s sovereign wealth fund, also participated in the round. The company has raised $175 million to date. Recogni did not provide a valuation.