SiMa.ai, a Silicon Valley-based company specialising in Physical AI, has secured USD 85 million in fresh funding. The round was led by Maverick Capital and included participation from StepStone Group and existing investors. With this new round, the company’s total funding has reached USD 355 million.
The capital will be used to expand SiMa.ai’s full-stack Physical AI platform globally. The focus areas include advancing software innovation, scaling go-to-market strategies, strengthening customer support, and pushing forward the company’s automotive roadmap.
Founded in 2018 and headquartered in San Jose, California, SiMa.ai builds integrated hardware and software designed for efficient edge AI computing. Its main offering, SiMa.ai ONE, combines its purpose-built Modalix silicon—now in its second generation—with a software suite called Palette. Palette includes a software development kit and a no-code visual tool named Edgematic. It supports various machine learning models such as vision, transformers and generative AI.
Krishna Rangasayee, Founder and CEO of SiMa.ai, said the new funding “further validates our leadership in the Physical AI space and the growing demand for solutions that deliver best-in-class performance per watt with industry-leading ease of use.”
Andrew Homan, Managing Partner at Maverick Capital, commented, “SiMa.ai is redefining what is possible at the edge by combining world-class silicon with a uniquely software-centric approach to Physical AI.” He highlighted the platform’s ability to deliver powerful and energy-efficient solutions with ease of deployment. John Avirett, Partner at StepStone Group, added, “SiMa.ai’s full-stack solution, technical depth, and growing customer adoption make it a clear leader in this space.”
This funding positions SiMa.ai to expand its reach across key industries including robotics, automotive, industrial automation, aerospace and defence, smart vision and healthcare. The company aims to meet increasing demand for low-latency, power-efficient AI processing at the edge.
The investment marks a significant step in scaling SiMa.ai’s global presence and further establishing its leadership in the Physical AI sector.
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