From TechCrunch · Marina Temkin · · 1m 40s
SiMa AI raises $150M at $1.45B valuation
Physical AI chip startup SiMa.ai secures Series C funding to compete with Nvidia in the growing market for on-device AI.
In brief
Physical AI chip startup SiMa.ai secures Series C funding to compete with Nvidia in the growing market for on-device AI. SiMa.ai, a physical AI chip developer, raised one hundred fifty million dollars in Series C funding at a one point four five billion dollar valuation, bringing total capital raised to over five…
SiMa.ai closes $150M Series C
SiMa.ai, a startup developing chips and software for on-device AI, raised one hundred fifty million dollars in Series C funding at a one point four five billion dollar valuation.
Round led by Fidelity and Amplify
The Series C was co-led by Fidelity Management and Research Company and Amplify, with participation from Alter Venture Partners, Dell Technologies Capital, and StepStone Group.
Founded by ex-Groq COO
SiMa.ai was founded in two thousand eighteen by Krishna Rangasayee, who was previously the COO of chipmaker Groq, and develops energy-efficient chips for robots, drones, and cameras.
Chips eliminate cloud dependency
SiMa.ai's chips allow devices to run AI directly on-device, eliminating the need to send data back and forth to the cloud while delivering low-latency performance.
Competing with Nvidia on price
SiMa.ai's more affordable chips compared to Nvidia's GPUs position the company to capture the growing market for physical AI devices, including humanoid robots.
Total funding now exceeds $500M
The new round brings SiMa.ai's total capital raised to over five hundred million dollars. The startup was previously valued at nine hundred sixty million dollars after raising eighty five million dollars in Series B in July two thousand twenty five.
Here's the gist
SiMa.ai, a physical AI chip developer, raised one hundred fifty million dollars in Series C funding at a one point four five billion dollar valuation, bringing total capital raised to over five hundred million dollars.
