SAN JOSE, CA, SiMa.ai today announced an $80 million Series B financing round.
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.
SiMa.ai is a machine learning company transforming the embedded edge market through high-performance compute at the lowest power. Initially focused on computer vision applications, the company's software-first approach simplifies ML integration and supports the broadest set of capabilities through a purpose-built MLSoC platform, enabling rapid adoption and creating the best of ease-of-use experience. SiMa.ai is led by technologists and business veterans and backed by a set of top investors committed to helping customers scale machine learning at the edge. For more information, visit www.SiMa.ai.
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