SiMa.ai Raises $150 Million, Valued at $1.45 Billion to Boost AI Chips for Robots and Drones

SiMa.ai, a company that builds special computer chips for devices like robots, drones, and self-driving cars, has just raised $150 million in new funding. This latest investment values the company at $1.45 billion, a sign that investors see big potential in its technology.

The funding round was led by Fidelity Management and Amplify, with other investors including Dell Technologies Capital and J.P. Morgan joining in. So far, SiMa.ai has raised over $500 million since it started in 2018.

What makes SiMa.ai different is its focus on AI chips designed to work directly on devices, rather than relying heavily on cloud computing. This means devices can think and act faster while using less energy. The company says its chips and software can help machines process data right where they are, which is important for things like drones flying around or robots working in factories.

With the new money, SiMa.ai plans to improve its software development tools and work on the next generation of its AI chips. These upcoming chips aim to deliver powerful computing abilities by 2028, helping devices like humanoid robots, drones, and cars with advanced driver assistance systems perform better and more efficiently.

SiMa.ai faces competition from companies like Nvidia but believes its specialised, energy-saving approach gives it an edge for devices that need to operate independently and reliably without constant cloud connection.

Customers already using SiMa.ai’s technology include well-known companies like Bosch and Micron. The company is betting that as more smart devices enter daily life, its chips will play a key role in making them smarter and more responsive.