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.

Related People

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech