Physical AI company SiMa.ai said it has closed a $150 million Series C round, with Fidelity Management & Research Company, a Fidelity affiliate, and Amplify co-leading the financing. The round also drew participation from Alter Venture Partners, Dell Technologies Capital, Maverick Capital, Point72 and StepStone Group. New investors included AllianceBernstein, Baron Capital, JPMorgan and the State of Michigan.
Following the raise, SiMa.ai said its total funding has reached $500 million and its valuation stands at $1.45 billion. The company said the new capital will be used to accelerate the scaling of its Palette Neat agent software environment. It also plans to launch a dedicated physical AI chip in the first half of 2028, targeting 1000 dense TOPS of compute. The financing was reported by Businesswire.
Physical AI company SiMa.ai has raised $150 million in a Series C round, bringing its valuation to $1.45 billion and its total funding to $500 million.
Who joined the round
The financing was co-led by Fidelity Management & Research Company, an affiliate of Fidelity, and Amplify. Participating investors included Alter Venture Partners, Dell Technologies Capital, Maverick Capital, Point72 and StepStone Group.
AllianceBernstein, Baron Capital, JPMorgan and the State of Michigan joined the round as new investors.
How the company plans to use the capital
SiMa.ai said the proceeds will be used to speed up the scaling of its Palette Neat agent software environment.
The company also said it plans to launch a dedicated physical AI chip in the first half of 2028 with 1000 dense TOPS of compute. The funding news was reported by Businesswire.
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