Extends Series B1 Funding to $67M

SiMaAI_Logo, a San Jose, CA-based machine learning company enabling deployment and scaling at the embedded edge, extended its Series B1 round to $67m.

Backers included MSD Partners and existing partners Fidelity Management & Research Company, Amplify Partners, Dell Technologies Capital, Wing Venture Capital, Alter Venture Partners, +ND Capital and Lip-Bu Tan.

The Series B1 financing enables the company to accelerate hiring and scale critical functions worldwide, and to drive customer success and operations globally.

Led by Krishna Rangasayee, CEO and founder, is a Machine Learning company delivering the industry’s first software-centric, purpose-built MLSoC platform. It enables Effortless ML deployment and scaling at the embedded edge by allowing customers to address any computer vision problem while achieving performance at the lowest power. It is initially focused on computer vision applications.