Total amount raised
$355M
Latest funding date
2026-04-08
Location
SiMa.ai has successfully raised funds over 9 rounds, with the latest being a Series C. The company is backed by 15 investors, including StepStone Group and Maverick Capital.
Keep reading to explore the intricacies of SiMa.ai's fundraising journey and the investors backing this innovative platform.
SiMa.ai has raised funding across ten rounds, backed by notable investors including Maverick Capital, Fidelity Management & Research Company, MSD Partners, Dell Technologies Capital, StepStone Group, and Micron Technology, among others.
Keep reading to explore SiMa.ai's full fundraising journey, from its early seed rounds through its latest strategic investment from Micron Technology in April 2026.
What Is SiMa.ai?
SiMa.ai is a San Jose, California-based Physical AI company founded in 2018 by Krishna Rangasayee. The company builds a purpose-built, software-centric platform delivering best-in-class performance and power efficiency for Physical AI applications including robotics, automotive, industrial automation, aerospace & defense, smart vision, and healthcare. Its product portfolio includes the MLSoC™ hardware family and the Palette SDK and LLiMa software solutions.
How Much Funding Has SiMa.ai Raised?
- Seed Round 1
- Amount Raised: USD 4,000,000
- Date: January 2019
- Lead Investors: Undisclosed
- Participants: Wing Venture Capital, Amplify Partners
- Seed Round 2
- Amount Raised: USD 6,000,000
- Date: August 2019
- Lead Investors: Undisclosed
- Participants: Wing Venture Capital, Amplify Partners
- Series A
- Amount Raised: USD 30,000,000
- Date: May 2020
- Lead Investors: Dell Technologies Capital
- Participants: Amplify Partners, Wing Venture Capital, +ND Capital
- Series B (Initial)
- Amount Raised: USD 80,000,000
- Date: May 2021
- Lead Investors: Fidelity Management & Research Company
- Participants: Adage Capital Management, Amplify Partners, Dell Technologies Capital, Wing Venture Capital, Alter Venture Partners, +ND Capital
- Series B Extension
- Amount Raised: USD 30,000,000
- Date: May 2022
- Lead Investors: Fidelity Management & Research Company
- Participants: Lip-Bu Tan
- Series B1 Extension
- Amount Raised: USD 37,000,000
- Date: October 2022
- Lead Investors: MSD Partners
- Participants: Fidelity Management & Research Company, Amplify Partners, Dell Technologies Capital, Wing Venture Capital, Alter Venture Partners, +ND Capital, Lip-Bu Tan
- Series B (Additional)
- Amount Raised: USD 13,000,000
- Date: June 2023
- Lead Investors: Undisclosed
- Participants: VentureTech Alliance, Navin Chaddha (Mayfield)
- Series B (2024)
- Amount Raised: USD 70,000,000
- Date: April 2024
- Lead Investors: Maverick Capital
- Participants: Point72, Jericho Capital, Amplify Partners, Dell Technologies Capital, Lip-Bu Tan, MSD Partners, VentureTech Alliance
- Series C
- Amount Raised: USD 85,000,000
- Date: August 2025
- Lead Investors: Maverick Capital
- Participants: StepStone Group, existing investors
- Corporate Round (Strategic Investment)
- Amount Raised: Undisclosed
- Date: April 2026
- Lead Investors: Micron Technology
- Participants: Micron Technology (via Micron Ventures)
Total Amount Raised: At least $355M based on disclosed funding (the April 2026 Micron strategic investment amount is undisclosed).
Key Investors
- Maverick Capital
- Details: Maverick Capital is a long/short equity hedge fund and growth investor. It led SiMa.ai's April 2024 Series B ($70M) and August 2025 Series C ($85M) rounds, making it the most prominent recent backer.
- Fidelity Management & Research Company
- Details: Fidelity led the initial May 2021 Series B ($80M) and the May 2022 Series B extension ($30M), cumulatively anchoring the bulk of SiMa.ai's earlier institutional funding.
- MSD Partners
- Details: MSD Partners joined as a new investor in the October 2022 Series B1 extension, leading that $37M round. The firm deploys capital on behalf of Dell Technologies founder Michael Dell and his family.
- Dell Technologies Capital
- Details: Dell Technologies Capital led SiMa.ai's $30M Series A in May 2020 and has remained a continuing investor across subsequent rounds.
- StepStone Group
- Details: StepStone Group joined as a new investor in the August 2025 Series C ($85M) alongside lead investor Maverick Capital.
- Micron Technology
- Details: Micron Technology (Nasdaq: MU) made a strategic investment in SiMa.ai in April 2026 through its venture capital division. The investment amount is undisclosed and is intended to scale SiMa.ai's high-performance, power-efficient physical AI platform.
What's Next for SiMa.ai?
With over $355M raised and a growing roster of strategic investors including Micron Technology, SiMa.ai is well-positioned to accelerate its Physical AI platform globally. The company is expanding into robotics, automotive, and industrial applications, while deepening integrations with semiconductor and memory partners to bring production-ready edge AI solutions to market at scale.
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