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

PRIVATEMay 11, 2021

Amount Raised

$80 Million

Round Type

Series B

San JoseManufacturingInformation TechnologySoftwareArtificial IntelligenceMachine Learning

Investors

Dell Technologies Capital

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.

Quick answer

SiMa.ai raised $80 Million in a Series B round, dated May 11, 2021. Investors: Dell Technologies Capital. SiMa.ai is based in San Jose, California, United States.

How much did SiMa.ai raise?
SiMa.ai raised $80 Million in a Series B round on May 11, 2021.
Who invested in SiMa.ai?
Dell Technologies Capital is named as investors in this round.
What does SiMa.ai do?
SiMa.ai is a Machine Learning company delivering the industry’s first software-centric, purpose-built MLSoC platform.
Where is SiMa.ai based and how big is it?
SiMa.ai is based in San Jose, California, United States. Fundz records about 230 employees.
Who are the decision-makers at SiMa.ai?
Fundz holds 4 contacts at SiMa.ai, including the VP/Head of People & Culture. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Manufacturing and Software around the same time

Companies in the same sectors as SiMa.ai that raised within 45 days of this round, from Fundz verified event records.

  • SambaNova raised $676M (Series D) on April 13, 2021.
  • Valyant AI raised $3M (Seed) on June 17, 2021.
  • Copia Automation raised $12M on June 16, 2021.
  • Gong i.o Ltd. raised $250M on June 15, 2021.
  • Superb AI raised $11M (Funding Round) on June 8, 2021.
  • Alcatraz AI raised $4.6M (Seed) on June 3, 2021.

Who to call at SiMa.ai, and when

A new round usually means SiMa.ai is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day SiMa.ai raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at SiMa.ai, from your own LinkedIn network

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Company Information

Company

SiMa.ai

Location

333 W San Carlos St, Suite 1100

San Jose, California, United States

About

SiMa.ai is a Machine Learning company delivering the industry’s first software-centric, purpose-built MLSoC platform. We enable Effortless ML deployment and scaling at the embedded edge AI by allowing customers to address any computer vision problem while achieving up to 10x better performance at the lowest power. Initially focused on computer vision applications, SiMa.ai is led by technologists and business veterans backed by a set of top investors committed to helping customers bring ML on their platforms.

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Related People

4 contacts
Verified contactsAzfar H., VP/Head of People & CultureSee plans and pricing
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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

SiMa.ai raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.