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Robert Bosch Venture Capital invests in Recogni’s Series B funding round

Delivering high-performance, low-power AI processing for automated driving

  • Robert Bosch Venture Capital invests along a strong investor syndicate of financial and strategic VCs
  • Recogni develops power-efficient perception processing technology for automated vehicles with outstanding performance
  • “Recogni´s AI-powered inferencing platform can accelerate the development of ADAS functionalities and autonomous driving solutions” says RBVC Managing Director Ingo Ramesohl

Aron Bahnmüller >

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Aron Bahnmüller

Stuttgart, Germany – Robert Bosch Venture Capital GmbH (RBVC), the corporate venture capital company of the Bosch Group, has completed an investment in Recogni Inc., a start-up headquartered in San Jose, California with an engineering office in Munich, Germany. Recogni develops an AI-powered inferencing and perception platform for autonomous vehicles and Advanced Driver-Assistance Systems (ADAS) applications. Their power-efficient processor and perception software enables high-resolution and high-frame-rate image processing from multiple cameras concurrently in real time.
The 48.9 million USD round is led by WRVI Capital; other new and existing investors include the Mayfield Fund, Continental, Toyota AI Ventures, BMW iVentures, FluxUnit, and DNS Capital.

“Recogni’s AI-powered inferencing platform can accelerate the development of ADAS functionalities and autonomous driving,” says Ingo Ramesohl, Managing Director at RBVC. “The outstanding power efficiency of Recogni’s solution has the potential to fundamentally change the current landscape for automated driving processors.”

Exceptional performance and team

One of the key challenges that Recogni’s AI-powered platform addresses is the enormous power drain of autonomous vehicle computing systems that can drastically reduce the range of electric cars. By leveraging innovations in artificial intelligence, application-specific integrated circuits (ASICs) and system software, Recogni’s inferencing and perception solution will deliver outstanding performance at ultra-low power consumption for ADAS applications and autonomous vehicles. According to ResearchandMarkets the global ADAS market size is projected to grow from 27 billion USD in 2020 to 83 billion USD in 2030. Recogni has the chance to participate in this growth with their vision-based inference and perception solution, which can scale from supporting safety features to full vehicle autonomy.

“We are moving along our journey of solving the challenge of perception processing and power efficiency by building the world’s highest performing AI inference system at the lowest energy consumption,” says R K Anand, Recogni’s Chief Executive Officer. “RBVC’s support is a strong endorsement of Recogni’s approach to solving the most difficult problems in developing autonomous vehicles.”

Recogni was founded 2017 in Silicon Valley by experts in ASIC, System, and Software design. The Recogni team has a proven track record in bringing advanced technologies and products to large markets.

Robert Bosch Venture Capital GmbH (RBVC) is the corporate venture capital company of the Bosch Group, a leading global supplier of technology and services. RBVC invests worldwide in innovative start-up companies at all stages of their development. Its investment activities focus on technology companies working in areas of business of current and future relevance for Bosch, above all, automation and electrification, energy efficiency, enabling technologies, and healthcare systems. RBVC also invests in services and business models that are relevant to the above-mentioned areas of business. Furthermore, RBVC enables co-innovation between Bosch and startup through the Open Bosch Program.

Additional information is available at www.rbvc.com

The Bosch Group is a leading global supplier of technology and services. It employs roughly 429,000 associates worldwide (as of December 31, 2023). The company generated sales of 91.6 billion euros in 2023. Its operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. With its business activities, the company aims to use technology to help shape universal trends such as automation, electrification, digitalization, connectivity, and an orientation to sustainability. In this context, Bosch’s broad diversification across regions and industries strengthens its innovativeness and robustness. Bosch uses its proven expertise in sensor technology, software, and services to offer customers cross-domain solutions from a single source. It also applies its expertise in connectivity and artificial intelligence in order to develop and manufacture user-friendly, sustainable products. With technology that is “Invented for life,” Bosch wants to help improve quality of life and conserve natural resources. The Bosch Group comprises Robert Bosch GmbH and its roughly 470 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. Bosch’s innovative strength is key to the company’s further development. At 136 locations across the globe, Bosch employs some 90,000 associates in research and development, of which nearly 48,000 are software engineers.

Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com.

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