Physical AI chip developer SiMa.ai hits $1.45B valuation
Yahoo Finance ·
Physical AI chip developer SiMa.ai hits $1.45B valuation Marina Temkin Mon, September 28, 2026 at 11:29 AM EDT 1 min read STEP NVDA 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. The new round brings SiMa.ai's total capital raised to over $500 million. The startup was previously valued at $960 million after raising an $85 million Series B in July 2025, according to PitchBook .
DYAX Investor Sentiment
Bullish (Long) 58% · Bearish (Short) 42%
410 participants
Related News
- Jensen Huang Says Runaway AI Is an Engineering Problem: ‘We All Need to Hope’
- Amazon Stock Falls as Cheaper Claude Tests Bedrock Elasticity
- Could Stablecoins Threaten Visa and Mastercard?
- Here’s How Two of The Biggest Hyperscalers Have Best Monetized AI Capex So Far
- This Chip Giant's AI Revenue Grew 221% Last Quarter. It's Also Quietly Raised Its Dividend for 15 Straight Years.
- JPMorgan Weighs $3.8B Construction Loan for Extell UWS Tower
