SiMa.ai

Edge AI chipmaker SiMa.ai has raised $150 million in funding at a $1.45 billion valuation to expand its work on physical AI chips. The company builds processors designed to run AI workloads directly on devices such as sensors and machines rather than in the cloud. The funding underscores continued investor appetite for edge AI hardware, where SiMa.ai competes with larger semiconductor firms targeting the fast-growing physical AI market.

Edge AI chip startup SiMa.ai has raised $150 million in funding at a $1.45 billion valuation. The company builds custom silicon for what it calls physical AI, running machine learning workloads on embedded devices such as sensors, robotics and industrial systems. The round positions SiMa.ai among the better-funded startups competing to bring AI processing outside of data centers.

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.