
AI-generated summary
SiMa.ai was founded in 2018 by Krishna Rangasayee, former COO of chipmaker Groq, to develop energy-efficient AI chips that enable on-device processing for robots, drones, and cameras without relying on cloud connectivity.
SiMa.ai, a startup developing chips and software that allow robots, drones, cameras, and other devices to run AI directly on the device, has raised a $150 million Series C at a $1.45 billion valuation. The round was co-led by Fidelity Management & Research Company and Amplify, with participation from Alter Venture Partners, Dell Technologies Capital, and StepStone Group.
Founded in 2018 by Krishna Rangasayee, who was previously the COO of chipmaker Groq, the company provides energy-efficient chips that eliminate the need to send data back and forth to the cloud. SiMa.ai hopes that its low-latency performance and more affordable chips, compared to Nvidia’s GPUs, will help it capture the growing market for physical AI devices, including humanoid robots.
AI outlook — possibilities, not facts
SiMa.ai will launch new AI chip products targeting humanoid robots and other edge devices within the next 12-18 months
Likely · Within months

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