SiMa.ai Raises $150M at $1.45B Valuation

Physical AI chip startup SiMa.ai Technologies has raised $150 million in a Series C round at a $1.45 billion valuation. The round was co-led by Fidelity Management and Amplify, with participation from Dell Technologies Capital, J.P. Morgan, Baron Capital and others. Funds will scale the company's Palette Neat agentic development environment and its next-generation Modalix system-on-chip, targeting 1,000 TOPS by early 2028. SiMa.ai positions itself as a lower-power alternative to Nvidia's CUDA-based hardware, targeting drones, humanoid robotics and automotive AI systems.