SiMa.ai Secures $150 Million In Series C Financing At $1.45 Billion Valuation

SiMa.ai, a San Jose-based Physical AI company led by founder and CEO Krishna Rangasayee, raised $150 million in Series C financing at a $1.45 billion valuation, bringing total capital raised to $500 million. The round was co-led by Fidelity Management & Research Company and Amplify, with participation from Alter Venture Partners, Dell Technologies Capital, Maverick Capital, +ND Capital, Point72, StepStone Group, AllianceBernstein, Baron Capital, J.P. Morgan and the State of Michigan. The company plans to use the funds to scale its Palette Neat agentic software environment and develop next-generation Physical AI silicon targeting 1,000 dense TOPS of compute. FOUNDER: Krishna Rangasaye INVESTORS: Fidelity Management & Research Company, Amplify, Alter Venture Partners, Dell Technologies Capital, Maverick Capital, +ND Capital, Point72, StepStone Group, AllianceBernstein, Baron Capital, J.P. Morgan & State of Michigan ROUND: Series C AMOUNT: $150,000,000 VALUATION: $1,450,000,000 HQ: San Jose, California #VentureCapital #SiMaai #KrishnaRangasaye #FidelityManagementandResearchCompany #TradedVC