SAN JOSE — Recogni, Inc., a pioneer in AI-based computing, has successfully closed a $102 million Series C funding round, co-led by Celesta Capital and GreatPoint Ventures. The investment, supported by existing investors Mayfield, DNS Capital, BMW i Ventures, and SW Mobility Fund, as well as new investors Pledge Ventures and Tasaru Mobility Investments, marks a significant milestone for Recogni. The funding will propel the development of next-generation AI inference solutions aimed at delivering unparalleled performance and power efficiency.
In today’s rapidly evolving AI landscape, the demand for more efficient and scalable AI inference solutions has never been greater. Recogni aims to bridge this gap by leveraging its innovative AI acceleration technique, promising to revolutionize critical sectors such as automotive, aerospace, and generative AI.
Marc Bolitho, CEO of Recogni, emphasized the urgency of addressing key challenges in AI inference processing: “Recogni is leading this transformative wave, engineering pivotal advances that will redefine data centers and enterprise and revolutionize industries like automotive and aerospace.”
Recogni’s groundbreaking technology offers a fundamental shift in inference processing, with scalability and efficiency that can meet the evolving demands of AI applications. The company’s flagship product, Recogni Scorpio, introduced in December 2022, sets a new standard for low-power AI compute, achieving 1000 TFLOPS (1 Peta-Flop) class inference performance.
Ashok Krishnamurthi, managing partner at GreatPoint Ventures, underscored the significance of Recogni’s solution: “When you have a solution that achieves 10x higher compute density, 10x lower power and 13x less cost per query, it’s a no-brainer to invest and help bring that solution to market.”
Sriram Viswanathan, Celesta Capital founding managing partner and chairman of Recogni’s Board of Directors, highlighted the critical need for Recogni’s innovative solutions: “With the rapid AI proliferation over the past year, there is a clear need for Recogni’s products, which are purpose-built for efficient inference compute.”
Recogni’s Series C funding round will enable the company to further advance its AI inference solutions, driving progress towards more efficient, scalable, and cost-effective AI computing.
About Recogni
Recogni is a leading developer of AI-based inference processing solutions for Generative AI and intelligent autonomous platforms. With a focus on high compute, low power, and scalability, Recogni is at the forefront of reshaping the future of AI computing. For more information, visit www.recogni.com.
About Celesta Capital
Celesta Capital is a global deep technology venture capital firm dedicated to building and scaling global businesses. With a portfolio of over 100 early-stage technology investments, Celesta Capital brings decades of investment and operational experience to support innovative startups. Learn more at http://celesta.vc.
About GreatPoint Ventures
GreatPoint Ventures is an early-stage venture capital firm founded by entrepreneurs and operators with a mission to partner with visionary founders solving big problems across various sectors. With a focus on enterprise, healthcare, bio-tech, and food, GreatPoint Ventures is committed to driving innovation and creating lasting impact. Learn more at https://www.gpv.com.
