SiMa AI Reaches $1.45B Valuation With $150M Series C

SiMa.ai raised a $150 million Series C at a $1.45 billion valuation. The round was co-led by Fidelity Management & Research Company and Amplify, with participation from Alter Venture Partners, Dell Technologies Capital, and StepStone Group.

The new financing brings SiMa.ai’s total capital raised to over $500 million. The company was previously valued at $960 million after an $85 million Series B in July 2025, according to PitchBook.

SiMa.ai develops chips and software designed to let robots, drones, cameras, and other devices run AI directly on the device. The company’s approach focuses on energy-efficient chips that reduce the need to send data back and forth to the cloud.

That positioning puts SiMa.ai squarely in the edge computing and hardware categories, where latency, power use, and device-level performance matter.

SiMa.ai is targeting the growing market for physical AI devices, including humanoid robots. Its pitch centers on low-latency performance and more affordable chips compared to Nvidia’s GPUs.

For builders of AI-enabled machines, on-device processing can be a practical advantage when speed, connectivity, or cloud dependency becomes a constraint.

SiMa.ai was founded in 2018 by Krishna Rangasayee, previously the COO of chipmaker Groq. With the new Series C, the startup has fresh capital and a higher valuation as it competes for demand in AI hardware.

The key takeaway: investors are continuing to back companies that move AI workloads closer to where data is created and decisions are made.