Recogni, a San Jose, California-based company that develops AI-based inference processing solutions for generative AI and intelligent autonomous platforms, has closed $102 million in Series C funding.
SaaS Investors
The round was co-led by Celesta Capital and GreatPoint Ventures, with participation from existing investors Mayfield, DNS Capital, BMW i Ventures, and SW Mobility Fund.
New investors include Pledge Ventures and Tasaru Mobility Investments (owned by Public Investment Fund), with debt provided by HSBC Innovation Banking.
Celesta Capital is a global deep technology venture capital firm. Led by technology industry veterans with decades of investment and operational experience, Celesta Capital has a passion and proven track record for building and scaling global businesses. Founded in 2013, Celesta has a portfolio of more than 100 early-stage technology investments.
GreatPoint Ventures is an early-stage venture capital firm founded by entrepreneurs and operators who’ve built companies cumulatively worth $300 billion. Its mission is to partner with entrepreneurs to solve big problems across enterprise, healthcare, bio-tech, and food.
Recogni Use of Funds
The funding will drive next-generation system development for AI inference solutions, focusing on boosting performance and power efficiency while lowering the total cost of ownership.
Recogni addresses the urgent need for more performant and power-efficient AI inference solutions to broaden AI applications sustainably.
About Recogni
Recogni is a system solution company that specializes in the design of high-performance, low-power AI inference solutions. The company develops AI-based inference processing solutions for Generative AI and intelligent autonomous platforms. Recogni introduced Recogni Scorpio, its first low-power AI compute product, in December 2022. The company was founded in 2017 and has offices in San Jose, California, and Munich, Germany.
Funding Details
Company: Recogni, Inc.
Raised: $102.0M
Round: Series C
Funding Month: February 2024
Lead Investors: Celesta Capital and GreatPoint Ventures
Additional Investors: Mayfield, DNS Capital, BMW i Ventures, SW Mobility Fund, Pledge Ventures, Tasaru Mobility Investments, HSBC Innovation Banking
Company Website: https://www.recogni.com/
Software Category: AI-based Inference Processing Solutions
Source: https://www.recogni.com/media/recogni-raises-102-million-to-advance-next-generation-ai-inference-system-for-generative-ai-and-intelligent-autonomy