Fidelity and Amplify back SiMa.ai's $150M raise to power humanoids, drones, and cars without Nvidia — TFN
Fidelity and Amplify back SiMa.ai's $150M raise to power humanoids, drones, and cars without Nvidia — TFN
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Fidelity and Amplify back SiMa.ai’s $150M raise to power humanoids, dron
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Fidelity and Amplify back SiMa.ai’s $150M raise to power humanoids, drones, and cars without Nvidia
Abhinaya Prabhu
September 29, 2026
4 minute read
Image credits: Krishna Rangasayee/LinkedIn
SiMa.ai raised $150M at a $1.45B valuation, co-led by Fidelity and Amplify.
Revenue quadrupled from 2024 to 2025, SiMa.ai says, but it gave no absolute figures.
Its next chip arrives in the first half of 2028, while Nvidia’s Thor is already shipping.
SiMa.ai
has raised a $150 million Series C at a $1.45 billion valuation, taking its total funding to $500 million, according to
the company’s announcement
.
Fidelity Management & Research Company and Amplify co-led the oversubscribed round. Alter Venture Partners, Dell Technologies Capital, Maverick Capital, +ND Capital, Point72, and StepStone Group also took part. AllianceBernstein, Baron Capital, J.P. Morgan, and the State of Michigan joined as new investors.
The price has moved fast.
TechCrunch
, citing PitchBook, reports that SiMa.ai was valued at $960 million after an $85 million Series B in July 2025, which makes the new valuation about 51% higher. When
Tech Funding News
covered its $70 million round in April 2024
, total funding stood at $270 million, and Maverick, Point72, Amplify, and Dell Technologies Capital were all in that round.
Selling a way out of Nvidia
SiMa.ai builds chips and software for machines that must run AI on the device itself, inside a drone, a robot, or a car, within tight limits on power and heat. That is the opposite of the data-centre approach.
Krishna Rangasayee
founded the company in 2018. He was previously chief operating officer of
and spent 18 years at Xilinx, the chipmaker.
Its second-generation chip, Modalix, is in production on TSMC’s 6-nanometre process. It is paired with
Palette Neat
, which SiMa.ai launched on June 16 and describes as an agentic so