Recogni
Recogni Raises $102M in Series C
Quick Facts
Recogni Raises $102M in Series C
Recogni has successfully raised $102M in a Series C at a $500M valuation led by BMW i Ventures, Toyota AI Ventures.
Company Overview
Recogni is a AI/ML company headquartered in San Jose, CA, founded in 2017 with 120+ employees.
AI inference chips for autonomous vehicles
Fundraising Details
- Amount Raised: $102M
- Round Type: Series C
- Valuation: $500M
- Date: 2024-02-20
- Investors: BMW i Ventures, Toyota AI Ventures
About Recogni
AI inference chips for autonomous vehicles The company is positioned in the AI/ML sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: San Jose, CA
- Founded: 2017
- Team Size: 120+
- Industry: AI/ML
What This Means
This funding round demonstrates strong investor confidence in Recogni's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The AI/ML sector continues to attract significant investment as companies innovate to meet evolving market demands. Recogni's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $500M valuation marks an important milestone for Recogni, positioning the company among notable players in the AI/ML industry.
Looking Ahead
With this new capital, Recogni is well-positioned to execute on its growth strategy and continue building innovative solutions in the AI/ML space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
This fundraising news was reported on 2024-02-20. For more information about Recogni, visit their headquarters at San Jose, CA.
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