SiMa.ai, a leader in specialized hardware and software solutions for Physical AI, has announced an $85 million funding round, raising its total capital to $355 million. This round was led by Maverick Capital, with participation from existing and new investors, including StepStone Group.
The funding will support SiMa.ai’s global expansion and enhance its Physical AI platform, focusing on software innovation, go-to-market strategies, customer success, and automotive developments.
SiMa.ai offers the integrated, power-efficient SiMa.ai ONE platform, which combines purpose-built silicon with a software-centric approach. This includes Modalix, the second-generation multimodal MLSoC, and Palette, a software suite featuring an SDK, as well as Edgematic, a no-code development tool.
The platform supports key machine learning frameworks, facilitating AI adoption across various sectors, including robotics, automotive, industrial automation, aerospace, innovative vision, and healthcare.
As demand grows for AI at the edge, SiMa.ai’s innovative approach addresses system challenges on a single chip, offering an optimized software stack that positions it to lead the next wave of Physical AI advancements.
KEY QUOTES:
“This new funding further validates our leadership in the Physical AI space and the growing demand for Physical AI solutions that deliver best-in-class performance per watt with industry-leading ease of use. With strong support from new and existing investors, we’re scaling quickly to extend our competitive lead and meet global customer demand across robotics, automotive, industrial automation, aerospace & defense, smart vision, and healthcare.”
Krishna Rangasayee, Founder and CEO at SiMa.ai
“SiMa.ai is redefining what’s possible at the edge by combining world-class silicon with a uniquely software-centric approach to Physical AI. Their ability to deliver high-performance, low-power solutions with frictionless deployment positions them to lead in a market that’s scaling fast. We’re thrilled to support SiMa.ai as they accelerate their growth and continue to deliver transformative value across industries.”
Andrew Homan, Managing Partner at Maverick Capital
“As generative AI transforms the data center landscape, we see immense opportunity in the next phase of innovation—AI at the edge. SiMa.ai’s full-stack solution, technical depth, and growing customer adoption make it a clear leader in this space. We’re excited to join the company’s journey and support its mission to drive efficient, scalable AI across real-world edge applications.”
John Avirett, Partner at StepStone Group
