Osram Invests in Driverless Car AI Company - Energy Watch News


Osram Invests in Driverless Car AI Company

As Bain and Carlyle try to complete their takeover, Osram itself continues reshaping itself as a high-tech outfit, taking a venture stake in Silicon Valley startup Recogni. The company’s Fluxunit venture capital arm joined with other firms to place a combined $25 million round of Series A funding in Recogni, a San Jose, CA-based startup with operations in Osram’s home city of Munich. Recogni describes itself as “designers of a vision-oriented artificial intelligence platform for autonomous vehicles.” Its mission includes helping to process data collected from optical and other sensors to help vehicles makes decisions in real time. Such artificial intelligence today requires energy-intensive processing that has “hit the efficiency wall,” Recogni claims, noting that is own focus is “on creating high-performance and low-power AI processing to help make autonomous vehicles a reality.” https://www.ledsmagazine.com/

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