Recogni Inc., a developer of an AI vision cognition system for autonomous vehicles, has raised $48.9 million in a Series B financing round, led by WRVI Capital.
Recogni will use the funding to bring its perception platform to market and expand its engineering and go-to-market teams.
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.
Recogni’s AI-powered vision cognition module (VCM) will address the challenges of autonomous vehicle design and deployment.
