Self-Driving Startup Recogni Nabs $102 Million to Design AI Chip

Recogni Inc., an artificial intelligence startup that builds technology to support autonomous vehicles, has raised $102 million in funding after expanding into designing chips for generative AI.

The San Jose, California-based company raised a Series C round led by Celesta Capital and GreatPoint Ventures. HSBC Holdings Plc and Tasaru Mobility Investments, a subsidiary of Saudi Arabia’s sovereign wealth fund, also participated in the round. The company has raised $175 million to date. Recogni did not provide a valuation.

Founded in 2017, Recogni designs chips that help autonomous vehicles detect objects with greater accuracy. But in recent years, investors ...