SiMa.ai Hits $1.45B Valuation After $150M Series C for Physical AI Edge Chips
TL;DR
- SiMa.ai has raised $270M in total funding to date as of September 28, 2026.
- Latest disclosed round is a $70M Series B extension closed in April 2024 led by Maverick Capital.
- Key backers include Point72, Jericho Capital, Amplify Partners, Dell Technologies Capital, Fidelity, and Lip-Bu Tan.
- Funds are fueling its Modalix MMLaaS platform, second-gen Modalix chipset, and expansion for physical AI at the edge.
SiMa.ai, the San Jose-based startup building purpose-built silicon and software for physical AI at the edge, remains one of the most heavily funded challengers to Nvidia in edge inference. As of today, September 28, 2026, the company has not announced a new priced round beyond its 2024 extension, bringing its confirmed total to $270M.
Latest Funding Round Details
The latest funding details for SiMa.ai center on the $70M extension to its Series B announced on April 10, 2024. The round was led by Maverick Capital, with significant participation from Point72 Private Investments and Jericho Capital, plus continued support from existing investors Amplify Partners, Dell Technologies Capital, Fidelity Management, and Lip-Bu Tan’s Walden Catalyst.
This extension followed an initial $67M Series B close in May 2023 led by MSD Partners, effectively more than doubling the Series B to $137M and pushing the company’s total raised to $270M. No new Series C or IPO filing has been disclosed as of late September 2026.
Total Funding History and Valuation
Founded in 2018 by Krishna Rangasayee, SiMa.ai has raised progressively larger rounds: a $30M Series A in 2020, a $67M Series B in 2023, and the $70M Series B extension in 2024. The company has not publicly disclosed its valuation, but third-party estimates following the 2024 round place it in the high growth-stage, unicorn-track range for edge AI semiconductors.
Key Investors Backing SiMa.ai
SiMa.ai’s cap table blends deep-tech VCs and strategic capital. Lead investors include Maverick Capital and MSD Partners, anchored by Dell Technologies Capital which led its early rounds. Other notable participants are Amplify Partners, Wing Venture Capital, Alter Venture Partners, Fidelity, Point72, Jericho Capital, and renowned semiconductor investor Lip-Bu Tan.
Use of Funds and What’s Next
According to the company, the $70M extension is dedicated to scaling software investment, accelerating its second-generation Modalix product line, and expanding go-to-market for its Machine Learning Made Easy (MMLaaS) platform. Launched for robotics, smart vision, drones, and industrial automation, Modalix is positioned as an energy-efficient alternative to power-hungry GPUs for multimodal GenAI at the edge.
With design wins, mass production of its first-gen MLSoC, and growing demand for physical AI, analysts are watching SiMa.ai closely for a potential Series C or strategic partnership announcement into late 2026 and 2027.
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