Recogni raises $102 million in Series C funding co-led by Celesta Capital and GreatPoint Ventures to advance next generation AI inference solutions.
Amount Raised
$102 Million
Round Type
Series C
San JoseSoftwareArtificial IntelligenceMachine LearningNatural Language ProcessingImage RecognitionInvestors
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.
Quick answer
Recogni raised $102 Million in a Series C round, dated March 4, 2024. Investors: Great Point Ventures, Mayfield, DNS Capital, BMW I Ventures, SW Mobility Fund, Pledge Ventures, Tasaru Mobility Investments and HSBC Innovation Banking. Recogni is based in San Jose, California, United States.
- How much did Recogni raise?
- Recogni raised $102 Million in a Series C round on March 4, 2024.
- Who invested in Recogni?
- Great Point Ventures, Mayfield, DNS Capital, BMW I Ventures, SW Mobility Fund, Pledge Ventures, Tasaru Mobility Investments and HSBC Innovation Banking are named as investors in this round.
- What does Recogni do?
- Recogni is an AI-based computing company based in San Jose, CA, and Munich, Germany, developing AI-based inference processing solutions for Generative AI and intelligent autonomous platforms.
- Where is Recogni based and how big is it?
- Recogni is based in San Jose, California, United States.
- Who are the decision-makers at Recogni?
- Fundz holds 4 contacts at Recogni, including the Founder / Product. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Natural Language Processing and Image Recognition around the same time
Companies in the same sectors as Recogni that raised within 45 days of this round, from Fundz verified event records.
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