SiMa.ai Raises $85M to Expand Physical AI Platform

SiMa.ai, a company specializing in hardware and software solutions for Physical AI, has raised $85 million in a funding round led by Maverick Capital, bringing its total capital raised to $355 million. The funding will support SiMa.ai's global expansion and accelerate development of its Physical AI platform, including software innovation, go-to-market operations, customer success, and automotive industry initiatives. SiMa.ai's platform, SiMa.ai ONE, integrates purpose-built silicon with a software-centric approach to deliver high-performance, power-efficient AI solutions for edge computing across various industries such as robotics, automotive, industrial automation, aerospace, defense, smart vision, and healthcare. The platform features Modalix, a second-generation multimodal MLSoC, and Palette, a comprehensive software suite including SDK and a no-code visual development tool called Edgematic. Investors highlighted SiMa.ai's ability to combine advanced silicon with software-first AI approaches, positioning the company strongly in the rapidly growing edge AI market. Founder and CEO Krishna Rangasayee emphasized the company's commitment to meeting increasing global demand for Physical AI solutions with best-in-class performance and ease of use.