SiMa.ai, a physical chip developer focused on edge computing, has reached a $1.45 billion valuation after securing $150 million in a Series C round led by Fidelity and Amplify, TechCrunch reported. The funding brings the company into the upper tier of privately held hardware firms, positioning it to accelerate its product roadmap and broaden its market footprint.

The $150 million infusion will support the development of SiMa.ai’s next-generation silicon, designed to deliver low‑latency processing in compact, power‑efficient modules. With the capital, the startup plans to expand its manufacturing capabilities, hire additional engineers, and refine its supply‑chain partnerships, all of which are critical to meeting growing demand for edge‑centric solutions across industries such as automotive, industrial automation, and consumer electronics.

SiMa.ai’s valuation reflects broader investor enthusiasm for hardware that can bridge the gap between cloud‑based analytics and on‑device decision making. As the edge computing market continues to grow, companies that can provide reliable, high‑performance chips are increasingly valuable. The Series C round underscores the confidence that institutional investors place in SiMa.ai’s technology and business model.

Looking ahead, the company intends to use the new capital to accelerate the launch of its upcoming product line, expand its geographic reach, and deepen relationships with key OEM partners. By scaling its operations, SiMa.ai aims to capture a larger share of the edge computing market and deliver tangible performance gains for its customers.