SiMa.ai, a startup focused on developing AI chips and software for edge computing, has secured $150 million in a Series C funding round, elevating its valuation to $1.45 billion. The funding was co-led by Fidelity Management & Research and Amplify, with additional contributions from several venture partners.
Founded in 2018, SiMa.ai aims to provide energy-efficient chips that enable devices like robots and drones to process AI tasks locally, reducing reliance on cloud computing. This funding brings the company's total capital raised to over $500 million.
With this funding, SiMa.ai is positioned to accelerate its product development and expand its market reach. Watch for partnerships with robotics and drone manufacturers, as well as advancements in energy-efficient AI solutions that could redefine edge computing applications.