Sep 28, 2026
SiMa.ai Raises $150 Million in Series C Led by Fidelity Management & Research Company
SiMa.ai has raised $150,000,000 in a Series C funding round led by Fidelity Management & Research Company. Other participating investors include Amplify, Alter Venture Partners, Dell Technologies Capital, Maverick Capita…
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Traded Editorial
SiMa.ai completed a Series C funding round, raising $150,000,000 led by Fidelity Management & Research Company. Other participating investors included Amplify, Alter Venture Partners, Dell Technologies Capital, Maverick Capital, +ND Capital, Point72, StepStone Group, AllianceBernstein, Baron Capital, J.P. Morgan, and the State of Michigan.
Company Overview
SiMa.ai focuses on Physical AI and is located in San Jose, California. The company was founded by Krishna Rangasayee and has achieved a total funding of $500,000,000, resulting in a valuation of $1,450,000,000.
Use of Funds
The funds will be utilized to scale its Palette Neat agentic software environment and develop next-generation Physical AI silicon targeting 1,000 dense TOPS of compute.