Physical AI chip maker SiMa AI closed a $150 million Series C at a $1.45 billion valuation, bringing total fundraising above $500 million. The company develops energy-efficient edge AI chips that run AI directly on robots, drones, and cameras without cloud dependency. Founded by ex-Groq COO Krishna Rangasayee in 2018, it targets the growing physical AI market with lower-latency, more affordable alternatives to Nvidia GPUs.
Background
Edge AI and physical AI hardware have become critical infrastructure for autonomous robots and IoT devices, with major investors increasingly backing startups that can process AI locally rather than relying on cloud computing. The race to provide affordable, energy-efficient AI chips for real-world devices is intensifying against Nvidia's dominant GPU offerings.
- Source
- TechCrunch
- Published
- Sep 28, 2026 at 11:29 PM
- Score
- 7.0 / 10