Physical AI chip developer SiMa.ai hits $1.45B valuation
The edge computing startup raised a $150 million Series C led by Fidelity and Amplify.
Physical AI chip company SiMa.ai has reached a $1.45 billion valuation after closing a $150 million Series C funding round. The round was led by Fidelity Management & Research Company and Amplify, with additional support from Alter Venture Partners, Dell Technologies Capital, and StepStone Group. Established in 2018 by Krishna Rangasayee, a former COO of chipmaker Groq, the company offers energy-efficient chips that enable devices to run AI directly on the device, eliminating the need for cloud data transmission.
SiMa.ai's chips boast low latency and affordability compared to Nvidia's GPUs, positioning the company for growth in the expanding market for physical AI devices, such as humanoid robots. Since its founding, SiMa.ai has raised over $500 million in total capital, with its valuation previously standing at $960 million following a $85 million Series B round in July 2025, according to PitchBook.
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- Physical AI custom chip startup SiMa.ai raises $150M at $1.45B valuation siliconangle.com
- Physical AI firm SiMa.ai raises $150 mn in Series C, valued at $1.45 bn business-standard.com
