Osram might be in the midst of an uncertain ownership change, but it’s conducting business as usual in that it continues to recast itself as a high-tech outfit. In its most recent example, it has invested in a Silicon Valley firm specializing in artificial intelligence (AI) for driverless cars.
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.”
That makes sense to Osram.
“We truly believe in sensor fusion based on camera, radar, and lidar, but the computational requirements for processing the flood of data in real time and running perception algorithms on the edge remain one of the critical bottlenecks in autonomous driving today,” said Fluxunit Investment Manager Sebastian Stamm.
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