Physical AI chip startup SiMa.ai raised a $150M Series C led by Fidelity and Amplify at a $1.45B valuation, aiming to compete with Nvidia's CUDA-based hardware (Kyt Dotson/SiliconANGLE)

SiMa.ai, a startup developing custom physical artificial intelligence chips, has raised $150 million in a Series C funding round. The round was led by Fidelity and Amplify, and valued the company at $1.45 billion. According to SiliconANGLE, the company aims to provide the hardware and software that will act as the "brains" for physical AI devices such as robots, drones, and autonomous vehicles.

The funding will be used to scale up SiMa.ai's development environment and fund the next generation of its embedded AI compute platform. Founder and CEO Krishna Rangasayee stated that physical AI in areas such as humanoids, automotive, and drones represents a $50 trillion market that has remained largely untouched by modern innovation.

Other participants in the funding round included Alter Venture Partners, Dell Technologies Capital, and StepStone Group. SiMa.ai's platform is designed to compete with Nvidia's CUDA-based hardware, according to SiliconANGLE.

Brief written by urgent.news from Techmeme, TechCrunch, SiliconANGLE — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.