Recogni Raises $102 Million to Advance Next Generation AI Inference System for Generative AI and Intelligent Autonomy
SAN JOSE, Calif., Feb. 20, 2024 /PRNewswire/ -- Recogni, Inc., the leader in AI-based computing, today announced the closing of $102 million in Series C funding, co-led by Celesta Capital and GreatPoint Ventures. Existing investors Mayfield, DNS Capital, BMW i Ventures, and SW Mobility Fund also participated. Joining the round are new investors Pledge Ventures and Tasaru Mobility Investments, a company wholly owned by Public Investment Fund (PIF), with 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.
- 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.
- Recogni's scalable, power-efficient AI inference acceleration technique promises to unlock new AI computing possibilities in critical areas like generative AI and intelligent autonomy.
- Scorpio is the world's first 1000 TFLOPS (1 Peta-Flop) class inference solution at the lowest power for various inference applications.
- Scorpio's performance validates Recogni's vision and ability in breaking barriers in AI compute with scalable performance, generation over generation.