SiMa.ai, a startup focused on developing AI chips and software for on-device processing, has reached a valuation of $1.45 billion after securing $150 million in a Series C funding round. The investment was co-led by Fidelity Management & Research Company and Amplify, with contributions from Alter Venture Partners, Dell Technologies Capital, and StepStone Group. Founded in 2018 by Krishna Rangasayee, former COO of chipmaker Groq, SiMa.ai aims to enable robots, drones, and cameras to operate AI workloads locally rather than relying on cloud connectivity.

The company’s technology centers on delivering energy-efficient chips that reduce latency and improve affordability compared to traditional Nvidia GPUs. This approach is designed to meet the growing demand for physical AI devices, including humanoid robots and other edge computing applications. By processing AI directly on the device, SiMa.ai eliminates the need to constantly transmit data to and from the cloud, enhancing both performance and security for users.

SiMa.ai’s latest funding round raises its total capital raised to over $500 million. This follows its Series B round in July 2025, in which it raised $85 million and secured a valuation of $960 million. The company’s growth reflects broader industry trends favoring edge AI capabilities that leverage specialized hardware to bring intelligence closer to data sources.

This milestone solidifies SiMa.ai’s position in the competitive AI chip market, which is attracting significant investor interest as the need for physical AI computing expands. With a focus on efficient, on-device AI processing, the startup is positioned to capture emerging opportunities in robotics and various AI-driven hardware sectors.