--- title: SiMa.ai raises $150m at a $1.45bn valuation for physical... description: SiMa.ai, a San Jose startup building low-power AI chips for robots, drones and cars, raised a $150m Series C led by Fidelity Management & Research and Amplify,... canonical: https://daily.dev/posts/sima-ai-raises-150m-at-a-1-45bn-valuation-for-physical-ai-chips-5y81crf9r twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: SiMa.ai raises $150m at a $1.45bn valuation for physical AI chips | daily.dev og:description: SiMa.ai, a San Jose startup building low-power AI chips for robots, drones and cars, raised a $150m Series C led by Fidelity Management & Research and Amplify,... og:url: https://daily.dev/posts/sima-ai-raises-150m-at-a-1-45bn-valuation-for-physical-ai-chips-5y81crf9r og:image: https://api.daily.dev/og/posts/5Y81CrF9R.png og:image:alt: SiMa.ai raises $150m at a $1.45bn valuation for physical AI chips og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # SiMa.ai raises $150m at a $1.45bn valuation for physical AI chips **[The Next Web](https://daily.dev/sources/tnw)** · 2 min read · 0 upvotes · 0 comments ## Summary SiMa.ai, a San Jose startup building low-power AI chips for robots, drones and cars, raised a $150m Series C led by Fidelity Management & Research and Amplify, valuing the company at $1.45bn and bringing total funding to $500m. The round follows an $85m Series B in July 2025 at a $960m valuation. Founder and CEO Krishna Rangasayee, formerly COO of Groq, positions the company's chips as a cheaper, lower-power alternative to Nvidia GPUs for 'physical AI' workloads. Funds will scale its Palette Neat developer software and fund new hardware due in early 2028 delivering 1,000 dense TOPS, targeting drones, humanoid robots, driver assistance systems and car cockpits. Customers include Bosch, Emerson, Micron, Synopsys and TRUMPF, with revenue growth reported to have quadrupled year over year. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### How much funding has SiMa.ai raised and what is its current valuation? SiMa.ai has raised $500m in total funding after closing a $150m Series C round that valued the company at $1.45bn. The round was co-led by Fidelity Management & Research Company and Amplify, with participation from Dell Technologies Capital, Point72, J.P. Morgan and others. This follows an $85m Series B in July 2025 that valued the company at $960m. _Investors comparing edge AI chip startups can follow funding rounds like this one on daily.dev._ ### What kind of AI chip performance is SiMa.ai planning to deliver with its 2028 hardware? SiMa.ai's next-generation hardware, due in the first half of 2028, is designed to deliver 1,000 dense TOPS (trillions of operations per second) of compute. The lineup will include machine learning IP, chiplets and systems-on-chip aimed at drones, humanoid robots, driver assistance systems and AI-powered car cockpits, positioned as a lower-power alternative to Nvidia GPUs. _Engineers evaluating edge AI hardware roadmaps can track chip performance milestones on daily.dev._ ## Similar posts on daily.dev - [Physical AI chip developer SiMa.ai hits $1.45B valuation](https://daily.dev/posts/physical-ai-chip-developer-sima-ai-hits-1-45b-valuation-qeyb8zdjh) · TechCrunch · 0 upvotes · 0 comments - [AI chip startups soak up $1.1B in VC funding this week](https://daily.dev/posts/ai-chip-startups-soak-up-1-1b-in-vc-funding-this-week-sbcfggett) · The Register · 0 upvotes · 0 comments - [Chip simulation startup Vinci raises $250m at a $1.5bn valuation](https://daily.dev/posts/chip-simulation-startup-vinci-raises-250m-at-a-1-5bn-valuation-iuhi46vj0) · The Next Web · 0 upvotes · 0 comments - [EXCLUSIVE: Positron raises $230M Series B to take on Nvidia’s AI chips](https://daily.dev/posts/exclusive-positron-raises-230m-series-b-to-take-on-nvidia-s-ai-chips-vlo6fyqel) · TechCrunch · 0 upvotes · 0 comments - [A British AI-chip startup is raising at $6.5bn after an Anthropic deal](https://daily.dev/posts/a-british-ai-chip-startup-is-raising-at-6-5bn-after-an-anthropic-deal-sbfqiihfp) · The Next Web · 0 upvotes · 0 comments --- Tags: [#nvidia](https://daily.dev/tags/nvidia), [#gpu](https://daily.dev/tags/gpu), [#robotics](https://daily.dev/tags/robotics), [#local-ai](https://daily.dev/tags/local-ai) [View this post on daily.dev](https://daily.dev/posts/sima-ai-raises-150m-at-a-1-45bn-valuation-for-physical-ai-chips-5y81crf9r) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"SiMa.ai raises $150m at a $1.45bn valuation for physical AI chips","url":"https://daily.dev/posts/sima-ai-raises-150m-at-a-1-45bn-valuation-for-physical-ai-chips-5y81crf9r","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/sima-ai-raises-150m-at-a-1-45bn-valuation-for-physical-ai-chips-5y81crf9r"},"datePublished":"2026-09-28T19:34:13.889Z","dateModified":"2026-09-28T19:34:36.108Z","description":"SiMa.ai, a San Jose startup building low-power AI chips for robots, drones and cars, raised a $150m Series C led by Fidelity Management & Research and Amplify,...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/cc2f869136f356eba0aa3d10d9cbca0d?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/cc2f869136f356eba0aa3d10d9cbca0d?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"The Next Web","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"The Next Web","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tnw","url":"https://daily.dev/sources/tnw"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/sima-ai-raises-150m-at-a-1-45bn-valuation-for-physical-ai-chips-5y81crf9r","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"nvidia,gpu,robotics,local-ai","timeRequired":"PT2M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"The Next Web","item":"https://daily.dev/sources/tnw"},{"@type":"ListItem","position":3,"name":"SiMa.ai raises $150m at a $1.45bn valuation for physical AI chips"}]} {"@context":"https://schema.org","@type":"FAQPage","@id":"https://daily.dev/posts/sima-ai-raises-150m-at-a-1-45bn-valuation-for-physical-ai-chips-5y81crf9r#faq","mainEntity":[{"@type":"Question","name":"How much funding has SiMa.ai raised and what is its current valuation?","acceptedAnswer":{"@type":"Answer","text":"SiMa.ai has raised $500m in total funding after closing a $150m Series C round that valued the company at $1.45bn. The round was co-led by Fidelity Management & Research Company and Amplify, with participation from Dell Technologies Capital, Point72, J.P. Morgan and others. This follows an $85m Series B in July 2025 that valued the company at $960m. Investors comparing edge AI chip startups can follow funding rounds like this one on daily.dev."}},{"@type":"Question","name":"What kind of AI chip performance is SiMa.ai planning to deliver with its 2028 hardware?","acceptedAnswer":{"@type":"Answer","text":"SiMa.ai's next-generation hardware, due in the first half of 2028, is designed to deliver 1,000 dense TOPS (trillions of operations per second) of compute. The lineup will include machine learning IP, chiplets and systems-on-chip aimed at drones, humanoid robots, driver assistance systems and AI-powered car cockpits, positioned as a lower-power alternative to Nvidia GPUs. Engineers evaluating edge AI hardware roadmaps can track chip performance milestones on daily.dev."}}]} ```