SiMa.ai
About SiMa.ai
SiMa.ai is a AI Hardware & Chips startup based in San Jose, United States that has raised $500M in venture capital across 3 funding rounds since 2018. The company reached Series C stage in September 2026 with a $150M round led by Fidelity Management & Research Company at a $1.4B valuation. SiMa.ai's investor base includes 9 institutional funds, with Fidelity Management & Research Company leading the most recent equity round.
SiMa.ai is a physical AI startup founded in 2018 by Krishna Rangasayee, former COO of Groq. The company develops co-optimized hardware and software platforms for deploying artificial intelligence in physical environments, including robotics, drones, automotive, and industrial applications. SiMa.ai's flagship chip, Modalix MLSoC, delivers 50 TOPS performance at sub-10W power consumption, enabling real-time on-device AI processing without cloud dependency. The company's Palette Neat platform accelerates AI application development, reducing timelines from months to days. With $500 million in total funding, SiMa.ai is scaling to serve enterprises requiring edge AI for latency-critical and connectivity-constrained scenarios.
SiMa.ai Funding Rounds Timeline
3 rounds · $500M raised · since 2018
| Round | Date | Amount | Valuation | Lead investor | Co-investors |
|---|---|---|---|---|---|
| Series C | September 2026 | $150M | $1.4B | Fidelity Management & Research Company | Amplify, Alter Venture Partners, Dell Technologies Capital, StepStone Group, AllianceBernstein, Baron Capital, J.P. Morgan, State of Michigan |
Investors in SiMa.ai
9 institutional investors across 3 rounds
Lead investors
Co-investors
Recent news about SiMa.ai
Questions about SiMa.ai
How much has SiMa.ai raised?
SiMa.ai has raised $500M across 3 funding rounds since 2018.
Who are the investors of SiMa.ai?
SiMa.ai's investors include Fidelity Management & Research Company, Amplify, Alter Venture Partners, Dell Technologies Capital, StepStone Group, AllianceBernstein, Baron Capital, J.P. Morgan, State of Michigan.
When was SiMa.ai's last funding round?
SiMa.ai's most recent round was a $150M Series C in September 2026, led by Fidelity Management & Research Company.
What is SiMa.ai's valuation?
SiMa.ai reached a $1.4B valuation (unicorn status) with its Series C round in September 2026.
Where is SiMa.ai headquartered?
SiMa.ai is headquartered in San Jose, United States, and was founded in 2018 by Krishna Rangasayee.