SiMa.ai, a pioneer in Physical AI solutions, has raised $85 million in an oversubscribed funding round. Maverick Capital led the investment. StepStone Group also joined as a new investor, alongside continued participation from existing investors.
This funding boosts SiMa.ai's total capital raised to $355 million. The company will use the capital for global expansion. It also accelerates its Physical AI platform scale-up.
Scaling Physical AI Solutions
SiMa.ai plans increased investment in software innovation. Go-to-market operations and customer success will also expand. The company strengthens its automotive AI roadmap.
SiMa.ai delivers the SiMa.ai ONE full-stack Physical AI platform.
The platform features Modalix, its second-gen multimodal MLSoC, which is now shipping. Palette, a comprehensive software suite, also supports the platform. This includes SDK and Edgematic, a no-code visual development tool.
SiMa.ai's platform supports major ML frameworks, including vision, transformers, and generative AI. This enables efficient machine learning adoption across various real-world use cases. These include robotics, automotive, and industrial automation. Competitors like Nvidia and Qualcomm also operate in this space.
The company serves customers in aerospace & defense, smart vision, and healthcare. Furthermore, demand for edge AI solutions continues to grow. SiMa.ai addresses the full system problem on a single chip. Its software stack also optimizes developer experience for the Physical AI platform. This positions SiMa.ai to lead the next wave of innovation. Intel is another key player in edge computing.
