--- title: SiMa.ai secures $70M funding to introduce a multimodal... description: SiMa.ai secures $70M funding to introduce a multimodal GenAI chip. SiMa.ai plans to bring its second-generation chipset, specifically built for multimodal... canonical: https://daily.dev/posts/sima-ai-secures-70m-funding-to-introduce-a-multimodal-genai-chip-wgo19gjfs twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: SiMa.ai secures $70M funding to introduce a multimodal GenAI chip | daily.dev og:description: SiMa.ai secures $70M funding to introduce a multimodal GenAI chip. SiMa.ai plans to bring its second-generation chipset, specifically built for multimodal... og:url: https://daily.dev/posts/sima-ai-secures-70m-funding-to-introduce-a-multimodal-genai-chip-wgo19gjfs og:image: https://api.daily.dev/og/posts/WGo19GJfS.png og:image:alt: SiMa.ai secures $70M funding to introduce a multimodal GenAI chip 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 secures $70M funding to introduce a multimodal GenAI chip **[TechCrunch](https://daily.dev/sources/tc)** · 4 min read · 1 upvotes · 0 comments ## Summary SiMa.ai secures $70M funding to introduce a multimodal GenAI chip. SiMa.ai plans to bring its second-generation chipset, specifically built for multimodal generative AI processing, to market. The market for AI-supporting chips globally is forecast to more than double by 2027 to $119.4 billion. SiMa.ai's competitors include NXP, Texas Instruments, STMicro, Renaissance, Microchip Technology, and Nvidia. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: --- Tags: [#ai](https://daily.dev/tags/ai), [#venture-capital](https://daily.dev/tags/venture-capital), [#multimodal](https://daily.dev/tags/multimodal), [#edge-ai](https://daily.dev/tags/edge-ai) [View this post on daily.dev](https://daily.dev/posts/sima-ai-secures-70m-funding-to-introduce-a-multimodal-genai-chip-wgo19gjfs) ```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 secures $70M funding to introduce a multimodal GenAI chip","url":"https://daily.dev/posts/sima-ai-secures-70m-funding-to-introduce-a-multimodal-genai-chip-wgo19gjfs","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/sima-ai-secures-70m-funding-to-introduce-a-multimodal-genai-chip-wgo19gjfs"},"datePublished":"2024-04-04T12:06:01.088Z","dateModified":"2024-05-09T09:21:59.549Z","description":"SiMa.ai secures $70M funding to introduce a multimodal GenAI chip. 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