TASARU Mobility Investments (“TASARU”), a PIF company, has signed a binding agreement to invest in Recogni, Inc.
Michael Mueller, CEO of TASARU, said: “This investmentopportunity aligns with the Kingdom of Saudi Arabia’s Vision 2030, which moves the Kingdom towards a brighter future through improved efficiencies, new growth and investment opportunities, greater global engagement, and enhanced quality of life for its citizens. Our interest in investing in companies like Recogni is part of that focus and vision, and we are excited to see the cutting-edge solutions that their team will produce in the near future,” he added.
Recogni introduced its first low–power AI compute product, RecogniScorpio, back in December 2022. Scorpio is the world’s first 1000 TFLOPS (Peta-Op) class inference solution for autonomous mobility. Scorpio’s performance validates Recogni’s vision and ability to break barriers in AI computing with scalable performance generation over generation.
