AI start-up SiMa.ai secures $85M investment to expand its physical AI services, increasing its total funding to $355M.
SiMa.ai Secures $85 Million in Funding to Expand Physical AI Platform
SiMa.ai, a leading player in the Physical AI computing field, has announced an oversubscribed funding round of $85 million. The latest round was led by Maverick Capital, with new investor StepStone Group joining alongside existing investors. This brings SiMa.ai's total capital raised to $355 million.
The funding aims to enhance software innovation, improve go-to-market operations, and strengthen the company’s automotive sector roadmap in the Physical AI space. The funds will be used to fuel SiMa.ai's global expansion and accelerate the scale-up of their Physical AI platform.
Andrew Homan, Managing Partner at Maverick Capital, stated that SiMa.ai is redefining what's possible at the edge by combining world-class silicon with a uniquely software-centric approach to Physical AI.
SiMa.ai's platform is accessible across diverse industries such as robotics, automotive, industrial automation, aerospace & defense, smart vision, and healthcare. The company's Modalix platform delivers exceptional AI performance with industry-leading energy efficiency. SiMa.ai's second-gen multimodal MLSoC, Modalix, is now shipping, and the company offers a comprehensive software suite, Palette, featuring both SDK and Edgematic, a no-code visual development tool.
SiMa.ai supports all major ML frameworks, including vision, transformers, and generative AI, on a unified architecture. The company's headquarters can be found at www.sima.ai, and it is headquartered in San Jose, California.
With this latest funding, SiMa.ai continues to lead in the field of Physical AI computing, enabling fast, efficient AI adoption across real-world use cases in robotics, automotive, industrial automation, aerospace & defense, smart vision, and healthcare.
[1] Expansion and enhancement of Physical AI platform [2] Focus on robotics, automotive, industrial automation, aerospace & defense, smart vision, healthcare [3] Funding amount: $85 million [4] Lead investor: Maverick Capital [5] New investor: StepStone Group [6] SiMa.ai's total capital raised: $355 million [7] Funding to be used for global expansion and accelerating the scale-up of the Physical AI platform [8] SiMa.ai's founders are seasoned technology veterans [9] SiMa.ai's platform features Modalix and Palette [10] SiMa.ai delivers the industry's leading full-stack Physical AI platform with SiMa.ai ONE [11] SiMa.ai supports all major ML frameworks on a unified architecture [12] SiMa.ai's headquarters: San Jose, California [13] SiMa.ai's website: www.sima.ai
- SiMa.ai, with the newly secured $85 million funding, plans to expand and enhance its Physical AI platform, focusing on advancing its offerings in the fields of robotics, automotive, industrial automation, aerospace & defense, smart vision, and healthcare.
- The recent funding round, led by Maverick Capital and joined by new investor StepStone Group, will be allocated towards fueling global expansion and accelerating the scale-up of SiMa.ai's Physical AI platform, helping the company to widen its reach in various sectors.
- In light of the recent $85 million funding, SiMa.ai's total capital raised now stands at a substantial $355 million, demonstrating the market's confidence in the company's ability to lead in the field of Physical AI computing.
