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      Physical AI chip company SiMa.ai completes $150 million Series C funding, reaching a $1.45 billion valuation

      PANews September 28 news, according to Businesswire, physical AI chip company SiMa.ai announced the completion of a $150 million Series C funding round, co-led by Fidelity Management & Research Company (under Fidelity) and Amplify, with participation from Alter Venture Partners, Dell Technologies Capital, Maverick Capital, Point72, StepStone Group and others. The company has raised a cumulative $500 million, with its valuation rising to $1.45 billion. SiMa.ai stated that this round of funding will be used to scale its physical AI platform Palette Neat and to develop its next-generation dedicated physical AI chip, planned for launch in the first half of 2028, with computing power of up to 1000 TOPS.


      Source: PANews
      .

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