The funding round was led by Maverick Capital, with participation from Point72, Jericho, and existing investors including Amplify Partners, Dell Technologies Capital, Fidelity Management, and Lip-Bu Tan. The startup, which has raised a total of $270 million, plans to use the funds to grow its team, extend its R&D capability, and scale its customer-facing teams globally. The company's second-generation chipset will be based on TSMC’s 6nm process technology and include Synopsys EV74 embedded vision processors for pre- and post-processing in computer vision applications.
Key takeaways:
- SiMa.ai, a startup specializing in embedded ML system-on-chip (SoC) platforms, has raised $70 million in extension funding as it prepares to launch its second-generation chipset designed for multimodal generative AI processing.
- The startup's new SoC will be an "evolutionary change" over its predecessor, with a few architectural tunings but maintaining the same fundamental concepts. It will adapt to any framework, network, model, and sensor, and will be compatible with any modality, including audio, speech, text, and image.
- SiMa.ai's second-generation chipset will be manufactured by Taiwan's TSMC and will be based on TSMC's 6nm process technology. It will also include Synopsys EV74 embedded vision processors for pre- and post-processing in computer vision applications.
- The startup's latest funding round was led by Maverick Capital, with participation from Point72, Jericho, and existing investors. The funding will be used to grow the company's headcount, extend its R&D capability, and scale its customer-facing teams globally.