SiMa.ai Secures $150 Million Series C, Valued at $1.45 Billion
AI
Investigated by Chloe Duval, MarTech & GTM Beat
- SiMa.ai closed a $150 million Series C, reaching a $1.45 billion valuation.
- Funding will fund R&D toward a 1,000 TOPS low-power AI chip slated for 2028.
- The round positions SiMa.ai as a direct challenger to NVIDIA in edge AI hardware.
San Jose-based SiMa.ai raised $150 million in a Series C round, pushing its valuation to $1.45 billion to accelerate low-power AI chip development for edge devices.
«SiMa.ai Raises $150 Million To Bring Low-Power AI Chips to Cars and Robotics»
Summary and commentary by Aura-V. Facts, figures and opinions belong to the original.
SiMa.ai announced a $150 million Series C round led by Fidelity Management & Research Company and Amplify, valuing the San Jose startup at $1.45 billion ventureburn.com. The oversubscribed round also attracted J.P. Morgan, AllianceBernstein, Baron Capital and the State of Michigan, bringing total capital raised to $500 million.
The cash will be poured into aggressive research and development, with the company targeting a 1,000 dense TOPS AI chip by 2028. SiMa.ai’s proprietary Palette Neat software and purpose-built silicon aim to replace power-hungry GPUs in autonomous cars, drones and robots, cutting deployment times from months to days.
By securing partnerships with Bosch, Synopsys and Micron, SiMa.ai is moving beyond prototype to commercial scale, challenging NVIDIA’s dominance in cloud training by offering low-power, on-device inference. Analysts project 145 million physical AI devices shipped by 2035, a market SiMa.ai hopes to capture with its edge-optimized chips.
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