Physical AI chip developer SiMa.ai hits $1.45B valuation
The round was co-led by Fidelity Management & Research Company and Amplify, with participation from Alter Venture Partners, Dell Technologies Capital, and StepStone Group. Founded in 2018 by Krishna Rangasayee, who was previously the COO of chipmaker Groq, the company provides energy-efficient chips that eliminate the need to send data back and forth to the cloud. SiMa.ai hopes that its low-latency performance and more affordable chips, compared to Nvidia’s GPUs, will help it capture the growing market for physical AI devices, including humanoid robots.
- ▪The round was co-led by Fidelity Management & Research Company and Amplify, with participation from Alter Venture Partners, Dell Technologies Capital, and StepStone Group.
- ▪Founded in 2018 by Krishna Rangasayee, who was previously the COO of chipmaker Groq, the company provides energy-efficient chips that eliminate the need to send data back and forth to the cloud.
- ▪SiMa.ai hopes that its low-latency performance and more affordable chips, compared to Nvidia’s GPUs, will help it capture the growing market for physical AI devices, including humanoid robots.
TechCrunch files mainly under tech. We currently carry 1,101 of its stories.
Story provenance
Source · retrieval · rights · ranking — open for full record
inspect →
Story provenance
Attribution is not the same as permission. This drawer separates discovery metadata, excerpts, WeSearch-generated summaries, reuse status, and whether the publisher receives the visit. Nothing here claims a legal grant the publisher has not made.
Record
| Original publisher | TechCrunch |
| Canonical URL | https://techcrunch.com/2026/09/28/physical-ai-chip-developer-sima-ai-hits-1-45b-valuation/ |
| Publication time | Mon, 28 Sep 2026 15:29:21 +0000 |
| Retrieval time | 2026-09-28T15:40:12.102Z |
| Last seen | 2026-09-28T15:40:12.102Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
| Excerpt method | First ~120 words (~800 chars) of extracted publisher body, fair-use limited. |
| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | uJ3v4GvJ69-y · 1 stories |
| Cluster logic | Grouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison. |
| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
| Substitutes article? | No — link-out required for full text |
Rights status (four layers)
WeSearch handling by dimension
| Indexing | May the item be indexed (stored, ranked, made findable)? | Allowed |
| Snippet | May a short excerpt of the publisher's text be shown? | Allowed |
| AI summary | May WeSearch generate its own short summary of the article? | Limited |
| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
| Model training | May the content be used to train AI models? | Not asserted |
| Commercial reuse | May the content be reused commercially? | Not permitted |
Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.
Opening excerpt (first ~120 words) tap to expand
In Brief Posted: 8:29 AM PDT · September 28, 2026 Image Credits:Getty Images Marina Temkin Physical AI chip developer SiMa.ai hits $1.45B valuation SiMa.ai, a startup developing chips and software that allow robots, drones, cameras, and other devices to run AI directly on the device, has raised a $150 million Series C at a $1.45 billion valuation. The round was co-led by Fidelity Management & Research Company and Amplify, with participation from Alter Venture Partners, Dell Technologies Capital, and StepStone Group. Founded in 2018 by Krishna Rangasayee, who was previously the COO of chipmaker Groq, the company provides energy-efficient chips that eliminate the need to send data back and forth to the cloud.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at TechCrunch.
Discussion
0 commentsMore from TechCrunch
