Recogni to raise $48.9m Series B Investment Led by WRVI Capital.

Recogni, the developer of an AI vision cognition system for autonomous vehicles, announced $48.9m in a Series B financing round, led by WRVI Capital, a prominent global technology investor. In addition to WRVI Capital, new investors Mayfield Fund, Continental, and Robert Bosch Venture Capital joined existing investors GreatPoint Ventures, Toyota AI Ventures, BMW i Ventures, Fluxunit – OSRAM Ventures, and DNS Capital in the current financing round. The proceeds will help Recogni bring its perception platform to market and expand its engineering and go-to-market teams. "This investment is a strong endorsement of Recogni's vision from venture and industry leaders. We are moving along our journey of solving the challenge of perception processing and power efficiency, by building the world's highest-performing AI inference system at the lowest energy consumption," R K Anand, Recogni's Chief Executive Officer.