On April 4, 2024, San Jose, USA-based edge AI chip startup SiMa.ai announced it has raised $70 million in a new funding round led by Maverick Capital, with participation from Point72 and Jericho, as well as existing investors Amplify Partners, Fidelity Management, Dell Technologies Capital, Lip-Bu Tan, and others.
The company plans to use the raised funds to accelerate the launch of its next-generation AI/ML chip.
Founded in 2018, SiMa.ai is a software-centric embedded edge machine learning system-on-chip (MLSoC) company that provides edge AI SoCs to organizations in fields such as industrial manufacturing, retail, aerospace, defense, agriculture, and healthcare. SiMa.ai's hardware-to-software stack can be flexibly adapted on a single platform to any framework, network, model, sensor, or modality (audio, voice, text, image, etc.).
(Source:TechCrunch）