SiMa.ai Raises $150M Series C at $1.45B Valuation
SiMa.ai, an AI chip developer focused on edge computing for robotics and IoT devices, has raised a $150 million Series C round at a valuation of $1.45 billion. The funding was co-led by Fidelity Management & Research Company and Amplify, with additional support from Alter Venture Partners, Dell Technologies Capital, and StepStone Group. Founded in 2018 by Krishna Rangasayee, the company designs energy-efficient chips that enable AI processing directly on devices without relying on cloud infrastructure. The startup aims to compete against traditional GPU providers like Nvidia by offering low-latency performance at a lower cost for physical AI applications such as humanoid robots. This latest round brings SiMa.ai’s total funding to over $500 million, following an $85 million Series B in July 2025 that valued the company at $960 million.
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Topics: edge computing Hardware