Recogni secures $102M to advance AI-based computing

Recogni, an innovator in AI computing, announced a $102M from a Series C funding round, co-led by Celesta Capital and GreatPoint Ventures and joined by other investors like Mayfield, DNS Capital, BMW i Ventures, SW Mobility Fund, Pledge Ventures and Tasaru Mobility Investments. Alongside these investors is debt support from HSBC Innovation Banking.

• Technology Leap: Recogni is set to tackle the challenging realms of AI inference with its next-gen system that promises a staggering 10x boost in both performance and energy conservation, setting a new standard in total cost ownership.

• Market Transformation: Founded by R K Anand, and led by CEO Marc Bolitho, Bolitho addresses the widening gap in AI capabilities, highlighting the company's commitment to pioneering solutions centered on scalability, precision, and significant energy savings—critical for reshaping industries from automotive to aerospace.

• Sustainable Innovation: The company's novel approach to inference processing promises to reshape the AI compute landscape with a solution strategically designed to withstand the demands of future AI developments.

With Recogni's Scorpio, the AI compute world witnessed the unveiling of a first-of-its-kind 1000 TFLOPS class inference solution in December 2022—a product that substantiates the company's intent to surmount AI compute hurdles with scalable, energy-efficient performance.