Physical AI company SiMa.ai announces completion of $150 million Series C funding round led by Amplify and others

Odaily News: Physical AI company SiMa.ai has announced the completion of a $150 million Series C funding round, co-led by Fidelity Management & Research Company and Amplify, with participation from Alter Venture Partners, Dell Technologies Capital, Maverick Capital, Point72, StepStone Group, and others. AllianceBernstein, Baron Capital, JPMorgan Chase, and the State of Michigan joined as new investors. The company's cumulative funding has reached $500 million, with a valuation of $1.45 billion. It is reported that the funds will be used to accelerate the scaling of its Palette Neat agent software environment, and the company plans to launch a dedicated physical AI chip capable of achieving 1000 dense TOPS of computing power in the first half of 2028. (Businesswire)