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Vision-oriented AI company Recogni raises $25M; investors include Toyota AI Ventures, BMW i Ventures, Faurecia

Green Car Congress

the designers of a vision-oriented artificial intelligence platform for autonomous vehicles, announced $25 million in Series A financing led by GreatPoint Ventures with participation from Toyota AI Ventures, BMW i Ventures, Faurecia, Fluxunit (VC arm of lighting and photonics company OSRAM), and DNS Capital. Recogni Inc. ,

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KPMG Survey: execs say connected car generates 10x revenue than a conventional vehicle; market share based on units “outdated”; BEVs #1 trend

Green Car Congress

Good-bye to auto-digital fusion, hello to co-integration. KPMG analysts suggested that the emerging “clash of cultures” between the offline and online world in the auto industry is “insurmountable”—and that the two will never become fully congruent.

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