SiMa.ai’s fresh all-equity funding, led by Maverick Capital and with participation from Point72 and Jericho, extends the startup’s $30 million Series B round, initially announced in May 2022.

SiMa.ai is a machine learning startup founded November 2018 with the mission to transform and ignite the embedded Machine Learning (ML) edge market by overcoming the deficiencies of current solutions.

SiMa.ai, a startup developing an embedded edge chip to accelerate AI workloads, has raised $30 million in an expanded venture funding round.

SiMa.ai’s MLSoC Modalix family is well-positioned to meet this demand, offering a platform capable of processing multimodal AI models on a single chip.

So SiMa.ai built the MLSoC chip as an embedded platform. In the MLPerf 3.0 round, the company bested NVIDIA Orin power efficiency (images/second/watt) for image classification by 47%.

Silicon Valley-based Synopsys and startup firm SiMa.ai announced on Tuesday a partnership aimed at accelerating the development of new artificial intelligence chips for automakers and their suppliers.