SiMa.ai, a San Jose, CA-based software-centric, embedded edge machine learning system-on-chip company, raised $70M in funding.
The round was led by Maverick Capital, with participation from Point72 and Jericho, as well as existing investors Amplify Partners, Dell Technologies Capital, Lip-Bu Tan and others.
The company intends to use the funds to continue meeting customer demand for edge AI/ML with its first-generation Machine Learning System-on-Chip (MLSoC) and to accelerate the delivery of its second-generation MLSoC for release in Q1 of 2025.
Led by Krishna Rangasayee, Founder and CEO, SiMa.ai is a software-centric, embedded edge machine learning system-on-chip (MLSoC) company. Its hardware to software stack flexibly adjusts to any framework, network, model, sensor, or modality all in one platform. Edge ML applications that run completely on the SiMa.ai MLSoC see an increase in performance and energy efficiency, bringing higher fidelity intelligence to ML use cases spanning computer vision to generative AI, in minutes, for sectors such as across industrial manufacturing, retail, aerospace, defense, agriculture, and healthcare.
FinSMEs
04/04/2024