Unicorn Nest news
– 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.
– That’s why in 2017, Anand cofounded San Jose, California-based Recogni with Ashwini Choudhary, Eye-Fi founder Eugene Feinberg, former Lilium sensor systems engineer Gilles Backhus, and Valerie Chan.