SiMa.ai, a San Jose, CA-based AI chip startup that develops a system-on-chip platform for AI applications, particularly computer vision applications, raised $30 million in funding.
The round was led by Fidelity Management & Research Company, with participation from Lip-Bu Tan.
The funding will be used to accelerate the scaling of the engineering and business teams globally and to continue investing in both hardware and software innovation.
Company name: SiMa Technologies, Inc.
Raised: $30.0M
Round: Unknown
Funding Month: May 2022
Lead Investors: Fidelity Management & Research Company
Additional Investors: Lip-Bu Tan
Company Website: https://sima.ai/
Software Category: Machine Learning SoC (MLSoC™) platform
About the Company: SiMa.ai™ is a machine learning company delivering the industry’s first software-centric purpose-built MLSoC™ platform. With push-button performance, we enable effortless ML deployment and scaling at the embedded edge by allowing customers to address any computer vision problem while achieving 10x better performance at the lowest power. Initially focused on computer vision applications, SiMa.ai is led by technologists and business veterans backed by a set of top investors committed to helping customers bring ML on their platforms.
Source: https://techcrunch.com/2022/05/25/ai-chip-startup-sima-ai-bags-another-30m-ahead-of-growth/