Physix FrontierSiMa.ai
Fidelity Management & Research and Amplify Partners co-led the round, with participation from Alter Venture Partners, Dell Technologies Capital, StepStone Group, Maverick Capital, Point72 Ventures, AllianceBernstein, Baron Capital, JPMorgan Chase, and the State of Michigan. The post-money valuation was $1.45 billion, bringing the company's total funding to over $500 million.
View funding history →- Valuation
- USD 1.4B (as of 2026-09)
- Total funding
- USD 240M
- Data cutoff
- 2026-10-01
Company Profile
SiMa.ai, founded in 2018 in San Jose, California, builds energy-efficient chips and software for physical AI at the edge. Led by CEO Krishna Rangasayee, a former COO of Groq, SiMa.ai provides the MLSoC machine-learning system-on-chip and the no-code Palette software platform, letting robots, drones and cameras run AI locally with lower latency and lower cost than GPU-based alternatives. In September 2026 SiMa.ai raised a US$150 million Series C at a US$1.45 billion valuation, and reported cumulative funding exceeds US$500 million.
- Founded
- 2018
- Headquarters
- United States
- Website
- sima.ai