AI
Physical AI startup SiMa.ai has raised $150 million in a Series C funding round co-led by Fidelity Management and Research Company and Amplify Partners. The round also saw participation from Alter Venture Partners, Dell Technologies Capital, StepStone Group, AllianceBernstein, Baron Capital and J.P. Morgan.
The latest funding values SiMa.ai at $1.45 billion and takes the company’s total funding raised to $500 million. The round provides additional capital as the startup continues to develop and scale its physical AI technology.
The Bigger Picture
Physical AI is gaining attention as AI moves beyond cloud-based applications into systems that interact with the physical world, including robotics, industrial automation and edge devices.
SiMa.ai’s latest funding reflects growing investor interest in AI infrastructure designed for real-world applications, particularly as enterprises explore intelligent computing at the edge and across industrial environments.