Recogni Completes $102 Million Series C Financing to Support the Development of Autonomous Driving Technology

On February 22, 2024, autonomous driving technology startup Recogni successfully completed its Series C financing with a financing amount of US$102 million. It is reported that Recogni was founded in 2017 and its designed chips can help autonomous vehicles detect objects more accurately. This round of financing was led by Celesta Capital and GreatPoint Ventures, and HSBC Holdings PLC and Tasaru Mobility Investments, a subsidiary of Saudi Arabia's sovereign wealth fund, also participated in this round of financing. To date, the company has raised US$175 million.