The San Jose firm, which has now amassed a total of $270 million in funding, specializes in designing processors that enable devices to interpret visual or auditory data from their surroundings and transform it into text, speech, or video content.
Key takeaways:
- SiMa.ai, a Silicon Valley chip startup, has raised $70 million in a funding round led by Maverick Capital.
- The funds will be used to develop chips designed to enhance AI applications in everyday consumer devices like cameras and cars.
- Point72, Jericho, Amplify Partners, Dell Technologies Capital and Fidelity Management also participated in the financing round.
- The San Jose firm, which has now raised a total of $270 million, designs processors that help devices interpret and convert data into text, speech or video content.