SiMa.ai raises $150M Series C at $1.45B valuation to compete with Nvidia’s CUDA hardware
SiMa.ai, a startup specializing in custom chips for physical AI devices, announced a $150 million Series C funding round led by Fidelity and Amplify, valuing the company at $1.45 billion. The funds will accelerate development of its Palette Neat agentic environment and next-gen Modalix system-on-chip, targeting embedded robotics and autonomous systems by mid-2028 with 1,000 tera operations per…
Key points
- SiMa.ai raised **$150M** in Series C funding, led by Fidelity and Amplify, at a **$1.45B valuation**
- Targeting **1,000 TOPS** by mid-2028 for embedded robotics, competing with Nvidia’s **2,000 TOPS Jetson AGX Thor**
- Funds will scale **Palette Neat** (agentic dev environment) and **Modalix** (SoC) for drones, robots, and automotive AI
SiMa.ai’s CEO, Krishna Rangasayee, claims the startup’s purpose-built silicon and software can deploy faster than Nvidia’s CUDA-based systems, aiming for markets like humanoid robotics, automotive ADAS, and AI-powered cockpits. Current partners include Bosch, Emerson, Micron, and Synopsys, but the company faces competition from Nvidia’s dominant CUDA architecture. The funding round also included Alter Venture Partners, Dell Technologies Capital, and J.P. Morgan, among others.
Physical AI chip startup SiMa.ai raised a $150M Series C led by Fidelity and Amplify at a $1.45B valuation, aiming to compete with Nvidia's CUDA-based hardware
siliconangle.com · 28 September 2026
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2sources- Physical AI Chipmaker SiMa.ai Lands $150M Series C, Hits $1.45B ValuePress · Unite.AI ·
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