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Recogni raises $48.9 million for AI-powered perception chips

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Recogni, a startup designing an AI-powered vision recognition module for autonomous vehicles, today announced it raised $48.9 million. The company says the funds will help it bring its perception product to market while expanding the size of its engineering and go-to-market teams.

CEO RK Anand believes that self-driving cars have a compute problem. While the models that guide the cars’ decision-making have powerful servers for training, inferencing — the stage at which the algorithms make predictions — must be performed offline to ensure redundancy. But even fully trained models require in-car PCs for real-time processing, a paradigm some assert is unsustainable.

That’s why in 2017, Anand cofounded San Jose, California-based Recogni with Ashwini Choudhary,