The round was 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.

Recogni develops AI-based inference processing solutions for Generative AI and intelligent autonomous platforms. Recogni delivers solutions for high compute, low power, and scalability.