#USA #San Jose #SiMa.ai #Physical AI #Maverick Capital

SiMa.ai Secures Major Funding for Physical AI Growth

SiMa.ai, a trailblazer in the development of purpose-built hardware and software for Physical AI, has successfully raised $85 million in a recent funding round that exceeded expectations. This investment brings the company's total funding to an impressive $355 million. The latest round was spearheaded by Maverick Capital, which was joined by StepStone Group as a new investor.

This influx of capital is set to expedite SiMa.ai's global expansion, allowing the company to amplify its Physical AI platform. It is particularly focused on enhancing software innovation, improving market operations, and strengthening its automotive development roadmap.

Krishna Rangasayee, the Founder and CEO of SiMa.ai, remarked on this milestone, stating, "This new funding further validates our leadership in the Physical AI space and reflects the growing demand for solutions that deliver excellent performance per watt with industry-leading usability. With solid backing from both new and existing investors, we're scaling rapidly to extend our competitive advantage and satisfy global demand across diverse sectors such as robotics, automotive, industrial automation, aerospace and defense, smart vision, and healthcare."

SiMa.ai provides an industry-leading full-stack Physical AI platform known as SiMa.ai ONE. This integrated and power-efficient solution combines specifically designed silicon with a software-centric methodology that streamlines deployment and maximizes output. The platform boasts Modalix, its second-generation multimodal MLSoC (Machine Learning System on Chip) which is now operational, and Palette, a comprehensive software suite that includes both a Software Development Kit (SDK) and Edgematic, a no-code visual development tool.

Supporting all major ML frameworks—including vision, transformers, and generative AI—on a unified architecture, SiMa.ai allows for swift and efficient AI integration across various real-world applications within sectors like robotics, automotive, and healthcare.

Andrew Homan, Managing Partner at Maverick Capital, expressed enthusiasm about SiMa.ai's potential: “SiMa.ai is redefining what's possible at the edge by merging exceptional silicon technology with a uniquely software-centric approach to Physical AI. Their capability to provide high-performance, low-power solutions is crucial amidst the rapidly scaling market. We are excited to support SiMa.ai in accelerating its growth and continuing to deliver transformative value across various industries.”

John Avirett, Partner at StepStone Group, echoed this sentiment, noting the immense opportunities generated by generative AI's impact on the data center landscape: “As generative AI evolves, we anticipate remarkable innovation in AI at the edge. SiMa.ai's integrated solution, technical expertise, and increasing customer implementation make it a distinct leader in this domain. We are thrilled to support their mission to drive effective, scalable AI in real-world edge applications.”

As demand for edge-based AI surges—where aspects like power efficiency, performance, and simplicity are crucial—SiMa.ai stands out by tackling the complete system challenge on a single chip, complemented by an optimal software architecture focused on enhancing developer experience. This positioning aims to spearhead the next wave of Physical AI innovations.

About SiMa.ai
Headquartered in San Jose, California, SiMa.ai is a pioneer in Physical AI computing, developing groundbreaking platforms that empower intelligent applications at the edge. Its Modalix platform delivers exceptional AI performance combined with outstanding energy efficiency, facilitating advanced AI capabilities across multiple industries including robotics, automotive, industrial automation, aerospace and defense, smart vision, and healthcare.

For further information, visit www.sima.ai.