Recogni raises $102 million in Series C funding co-led by Celesta Capital and GreatPoint Ventures to advance next generation AI inference solutions.
Mar 04, 2024•almost 2 years ago
Amount Raised
$102 Million
Round Type
series c
San JoseNatural Language ProcessingMachine LearningArtificial IntelligenceSoftwareInvestors
Hsbc Innovation BankingTasaru Mobility InvestmentsPledge VenturesSw Mobility FundBmw I VenturesDns CapitalMayfieldGreat Point VenturesCelesta Capital
Description
Recogni, the leader in AI-based computing, announced the closing of $102 million in Series C funding, with Celesta Capital and GreatPoint Ventures as the co-leaders. Existing investors Mayfield, DNS Capital, BMW i Ventures, and SW Mobility Fund also participated, along with new investors Pledge Ventures and Tasaru Mobility Investments, and debt provided by HSBC Innovation Banking. The funding will be used to drive next generation system development for AI inference solutions that boost performance and power efficiency while providing the lowest total cost of ownership.
Funding Insights
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