{
  "id": 10593083,
  "title": "Physical AI startup SiMa.ai raises $150M in Series C",
  "url": "https://urgent.news/2026/09/29/physical-ai-startup-sima-ai-raises-150m-in-series-c",
  "topic": "ai",
  "section": "AI",
  "published": "2026-09-29T02:51:40.000Z",
  "source": {
    "name": "YourStory",
    "slug": "yourstory",
    "url": "https://yourstory.com/2026/09/physical-ai-startup-simaai-raises-150-million-series-c"
  },
  "original_language": "en",
  "account": "Physical AI startup SiMa.ai has secured $150 million in Series C funding led by Fidelity Management & Research Company and Amplify. This investment, coupled with participation from Alter Venture Partners and Dell Technologies Capital, values the company at $1.45 billion and brings its total funding to $500 million. SiMa.ai's funding will be allocated towards expanding its agentic software platform, Palette Neat, and developing hardware products including machine learning IP, chiplets, and system-on-chips (SoCs). SiMa.ai's Founder and CEO, Krishna Rangasayee, emphasizes the immense potential of Physical AI in humanoid robotics, automotive, and drone technologies, estimating this market to be worth $50 trillion. He asserts that SiMa.ai has a fully developed solution, unlike competitors still refining their approaches or repurposing cloud offerings.\n\nFounded in 2018, SiMa.ai specializes in enabling devices such as drones, robots, and vehicles to execute AI applications independently of cloud infrastructure. This capability reduces costs and latency. The company reports a four-fold revenue increase year-on-year from 2024 to 2025 and anticipates continued growth in 2026. SiMa.ai's hardware and software solutions are designed to process AI workloads locally on physical edge devices, significantly cutting deployment times from months to just hours. Mike Dauber, a General Partner at Amplify Partners, commends SiMa.ai's clear and transformative vision, highlighting the company's innovation in building a novel architecture for Physical AI where software controls the silicon. This approach accelerates the deployment of advanced AI models on edge devices, thereby expediting the market entry for sophisticated autonomous systems.",
  "summary": "SiMa.ai said it will use the funding for scaling its agentic AI platform and to build hardware products.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "SiliconANGLE",
        "title": "Physical AI custom chip startup SiMa.ai raises $150M at $1.45B valuation",
        "url": "https://urgent.news/2026/09/28/physical-ai-custom-chip-startup-sima-ai-raises-150m-at-1-45b-valuation",
        "published": "2026-09-28T13:00:54.000Z"
      },
      {
        "outlet": "Business Standard IN",
        "title": "Physical AI firm SiMa.ai raises $150 mn in Series C, valued at $1.45 bn",
        "url": "https://urgent.news/2026/09/28/physical-ai-firm-sima-ai-raises-150-mn-in-series-c-valued-at-1-45-bn",
        "published": "2026-09-28T14:01:30.000Z"
      },
      {
        "outlet": "TechCrunch",
        "title": "Physical AI chip developer SiMa.ai hits $1.45B valuation",
        "url": "https://urgent.news/2026/09/28/physical-ai-chip-developer-sima-ai-hits-1-45b-valuation",
        "published": "2026-09-28T15:29:21.000Z"
      },
      {
        "outlet": "Tech in Asia",
        "title": "Fidelity leads $150m round for US AI chip startup SiMa.ai",
        "url": "https://urgent.news/2026/09/29/fidelity-leads-150m-round-for-us-ai-chip-startup-sima-ai",
        "published": "2026-09-29T04:45:09.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}