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Sima.Ai Raises $80 Million In Series B Financing Led By Fidelity

May 11, 2021•over 4 years ago

Amount Raised

$80 Million

Round Type

series b

San Jose

Description

SiMa.ai, machine learning company transforming the embedded edge market through high-performance compute at the lowest power, today announced an $80 million Series B financing led by Fidelity Management & Research Company with participation from Adage Capital Management. Also joining this round are existing investors Amplify Partners, Dell Technologies Capital, Wing Venture Capital, Alter Venture Partners, and +ND Capital. The round brings the total amount raised to $120 million since the company’s inception in November 2018.

Company Information

Company

Si Ma.Ai

Location

San Jose, California, United States

About

SiMa.ai is a machine learning company transforming the embedded edge market through high-performance compute at the lowest power. Initially focused on computer vision applications, the company’s software-first approach simplifies ML integration and supports the broadest set of capabilities through a purpose-built MLSoC platform, enabling rapid adoption and creating the best of ease-of-use experience. SiMa.ai is led by technologists and business veterans and backed by a set of top investors committed to helping customers scale machine learning at the edge. For more information, visit www.SiMa.ai. © Copyright 2021 SiMa Technologies, Inc. SiMa.ai logo and other designated brands included herein are trademarks in the United States and other countries.

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