Key Takeaways
- StepStone Group raised $85.0M (Growth) from StepStone Group.
- Sector: Artificial Intelligence (AI), Technology Software & Gaming.
- Geography: United States.
Analysis
SAN JOSE, CA – August 1, 2025 – SiMa.ai, a trailblazer in Physical AI computing, announced the close of an $85 million funding round, bringing its total capital raised to $355 million. The round was led by Maverick Capital with participation from new investor StepStone Group, alongside continued support from existing backers.
SiMa.ai is gaining momentum as the industry standard in power-efficient AI for edge deployment. Its flagship platform, SiMa.ai ONE, combines specialized silicon with a robust software stack to deliver high-performance AI with low power consumption. The platform includes Modalix, its second-generation multimodal MLSoC, and Palette, a full suite that includes both SDK and Edgematic, a no-code visual tool for rapid AI development.
Supporting all major ML frameworks—including vision AI, generative AI, and transformers—SiMa.ai’s unified architecture is already seeing adoption in key sectors like robotics, industrial automation, automotive, aerospace & defense, smart vision, and healthcare.
“We are scaling rapidly to meet global demand,” said Krishna Rangasayee, CEO of SiMa.ai. “This round validates our position as leader in Physical AI—delivering unmatched performance per watt with industry-leading simplicity.”
Recent funding momentum across the edge AI landscape highlights increasing investor confidence in the sector. Comparable rounds include Hailo's $120M Series C (2023) for AI accelerators and Axelera AI’s $68M Series B (2024) to expand edge AI chips across Europe and Asia. Similarly, Mythic AI and Kneron also secured major rounds to advance low-power edge inference.
“SiMa.ai is transforming AI at the edge,” said Andrew Homan, Managing Partner at Maverick Capital. “Their software-centric approach paired with world-class silicon delivers unmatched efficiency and deployment simplicity.”
StepStone Group joins as a new investor, betting on SiMa.ai’s ability to lead the future of decentralized AI deployment. “With data centers evolving, the edge is the next frontier,” said Partner John Avirett. “SiMa.ai’s full-stack innovation is redefining how AI gets delivered where it’s needed most.”
As the global AI race intensifies, SiMa.ai is uniquely positioned to serve real-world environments where performance, power efficiency, and rapid deployment matter most—from autonomous vehicles to military systems and embedded healthcare diagnostics.
With this new round, SiMa.ai is poised to accelerate its vision of scalable, frictionless Physical AI across industries and continents.