SiMa.ai, a leading innovator in Physical AI solutions, has raised $85 million in an oversubscribed funding round led by Maverick Capital, with new backing from StepStone Group. The latest infusion of capital brings the company’s total funding to $355 million and will be used to expand its global footprint, accelerate product development, and scale operations across key markets.
The investment will support SiMa.ai’s continued growth in sectors such as robotics, automotive, industrial automation, aerospace and defense, smart vision, and healthcare. A key focus will be on enhancing the company’s software stack, bolstering go-to-market strategies, and advancing its automotive technology roadmap.
“This new funding further validates our leadership in the Physical AI space and the growing demand for Physical AI solutions that deliver best-in-class performance per watt with industry-leading ease of use,” said Krishna Rangasayee, Founder and CEO at SiMa.ai. “With strong support from new and existing investors, we’re scaling quickly to extend our competitive lead and meet global customer demand.”
At the core of SiMa.ai’s offering is the SiMa.ai ONE platform, a comprehensive Physical AI solution that merges custom-designed, energy-efficient silicon with a robust software suite. The platform includes Modalix, the company’s second-generation multimodal MLSoC now shipping, and Palette, a software suite featuring an SDK and Edgematic, a no-code development tool. This unified stack supports major machine learning frameworks, including vision, transformers, and generative AI, making it adaptable to a wide range of edge AI applications.
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“SiMa.ai is redefining what’s possible at the edge by combining world-class silicon with a uniquely software-centric approach to Physical AI,” said Andrew Homan, Managing Partner at Maverick Capital. “Their ability to deliver high-performance, low-power solutions with frictionless deployment positions them to lead in a market that’s scaling fast.”
StepStone Group Partner John Avirett also emphasized the importance of edge computing as the next frontier for AI: “As generative AI transforms the data center landscape, we see immense opportunity in the next phase of innovation—AI at the edge. SiMa.ai’s full-stack solution, technical depth, and growing customer adoption make it a clear leader in this space.”
SiMa.ai’s differentiated strategy—integrating purpose-built hardware with a software-first approach—positions it at the forefront of Physical AI innovation. As enterprises seek to harness AI capabilities at the edge with greater power efficiency and ease of deployment, SiMa.ai aims to be the go-to platform driving scalable, real-world AI adoption.