OSRAM invests in autonomous driving AI start-up

Recogni develops high-performance, low-power AI processing for autonomous vehicles

OSRAM invests in autonomous driving AI start-up
Perception algorithms remain a bottleneck for autonomous vehicles due to the enormous computational power required.

Fluxunit, OSRAM’s Venture Capital arm joins leading VC funds well as automotive OEMs and Tier-1 suppliers in the financing round of Recogni.

The Silicon Valley start-up with subsidiary in Munich develops a vision-oriented artificial intelligence (AI) platform for autonomous vehicles, which allows the processing of sensor data from LIDAR (Light Detection and Ranging, a sensor based on infrared light for 3D machine vision that can be used to detect distances amongst other things), camera and RADAR systems in real-time and at low power consumption.

Besides Fluxunit, GreatPoint Ventures, Toyota AI Ventures, BMW iVentures, Faurecia, DNS Capital, amongst others partake in the $25 million financing round.

As the automotive industry is transitioning to autonomous vehicles, a network of computers is needed to drive these vehicles efficiently on a limited energy budget.

While these AI systems are trained offline, they need to process the sensor data in real-time in the vehicle.

Today, autonomous vehicles have hit the processing efficiency wall and are unable to transition to the next level of autonomy and beyond.

Making autonomous vehicles a reality

Recogni is focused on creating high-performance and low-power AI processing to help make autonomous vehicles a reality.

Founded in 2018 and headquartered in San Jose, California, the company is positioning itself to revolutionize the processing of sensor data for Level 2+ autonomous vehicles.

Using a Vision Cognition Processor, Recogni will solve the problem of running perception algorithms in the vehicle in real-time and at low power consumption.

“We see a huge opportunity here to truly achieve the goal of full vehicle autonomy with the Recogni platform,” said Ashok Krishnamurthi, managing partner at GreatPoint Ventures.

“While scoping the market, we realized that most of the neural network accelerator technologies are either optimized for performance or power – none are optimized for both.”

Recogni plans to use the funds to deliver the most capable perception system to enable state of the art sensor fusion of visual and depth sensor data while continuing to grow its top-tier engineering team.

Recogni is currently in discussions with multiple auto manufacturers, to provide them with the full suite of enabling technology from modules to the software.

The investment in Recogni underlines OSRAM’s transition from a lighting company towards a high-tech photonics company in various future applications such as autonomous driving.

Via its venture arm Fluxunit, OSRAM will contribute its extensive know-how in semiconductors for lighting as well as sensing applications in the automotive industry.

To find out more about OSRAM’s product range, follow the ‘more details’ link.

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