Continental invests in object recognition start-up

Logo of German tyre company Continental  is seen before the annual news conference in Hanover
FILE PHOTO: Logo of German tyre company Continental is seen before the annual news conference in Hanover, Germany March 2, 2017. REUTERS/Fabian Bimmer

February 23, 2021

BERLIN (Reuters) – German automotive parts maker Continental AG said on Tuesday it had acquired a minority stake in German-U.S. start-up Recogni, as it deepens its expertise in autonomous driving technology.

The start-up is working on a new chip architecture for object recognition in real time based on artificial intelligence, Continental said, adding that it expects chip architecture rollout production in 2026.

Financial details were not disclosed.

(Reporting by Riham Alkousaa, editing by Emma Thomasson)