SiMa.ai Raises $150 Million in Series C Funding, Valuation Hits $1.45 Billion

AI chip developer SiMa.ai has secured $150 million in a Series C funding round co-led by Fidelity Management & Research Company and Amplify. The company has reached a total of $500 million in funding with a valuation of $1.45 billion. The capital will be used to scale its Palette Neat AI platform and develop next-generation AI chips, which are expected to launch in the first half of 2028 with up to 1000 TOPS of computing power.