SiMa.ai

Silicon Valley chip startup SiMa.ai has raised $150 million at a $1.45 billion valuation to develop processors for physical AI, targeting real-world applications such as robotics and autonomous systems. The funding round makes the company a new unicorn and signals continued investor appetite for specialised edge AI semiconductors despite a challenging market for chip startups.

SiMa.ai, a startup making custom chips for physical AI applications such as robotics and embedded machine learning, has raised $150 million in a funding round that values the company at $1.45 billion. The San Jose-based firm is positioning itself in the growing market for specialized silicon that lets AI run efficiently on edge devices rather than in the cloud, and the fresh capital signals continued strong investor appetite for AI hardware.

US edge-AI chip startup SiMa.ai has raised $150 million in new funding at a $1.45 billion valuation, positioning itself as a challenger to Nvidia in edge artificial intelligence. The company builds machine-learning processors designed to run AI workloads directly on devices rather than in data centres. The funding round is drawing attention in semiconductor circles as investors seek alternatives to Nvidia's dominance in AI computing hardware.