SiMa.ai Secures $70M Funds from Maverick Capital

SiMa.ai has announced of raising an additional $70M of funding led by Maverick Capital, with participation from Point72 and Jericho, as well as existing investors Amplify Partners, Dell Technologies Capital, Fidelity Management, Lip-Bu Tan and others. SiMa.ai will utilize the $270M raised to date to continue meeting customer demand for edge AI/ML with its first-generation Machine Learning System-on-Chip (MLSoC) while accelerating the delivery of its second-generation MLSoC for release in Q1 of 2025.

With the release of the second-generation MLSoC, SiMa.ai will unveil one software-centric platform for all edge AI. SiMa.ai’s ‘one platform for all edge AI’ scales with customers as their AL/ML journey evolves, from computer vision, to transformers to multi-modal generative AI.

The rapid proliferation of generative AI is simplifying the way we interact with AI/ML, namely through multi-modal inputs such as text-to-speech, text-to-image, speech-to-text, speech-to-image, audio-to-image, image-to-image, and image-to-video. Edge devices such as robots, drones, diagnostic machines, autonomous vehicles and more must be equipped to handle this new, more collaborative interface. The first-generation SiMa.ai MLSoC delivers industry leading performance and efficiency for vision-centric edge inference. Future generations will power and process any modality customers prefer with even greater performance and power efficiency. Uniquely designed to help customers capitalize on the opportunity that the shift of generative AI to the edge represents, SiMa.ai MLSoC’s unique fusion of hardware and software processes any model size or type on its silicon architecture.

“AI — particularly the rapid rise of generative AI — is fundamentally reshaping the way that humans and machines work together. Our customers are poised to benefit from giving sight, sound and speech to their edge devices, which is exactly what our next generation MLSoC is designed to do,” said Krishna Rangasayee, Founder and CEO at SiMa.ai. “We have established undeniable technology leadership with our first generation MLSoC and with that momentum, also recognized the imminent need to equip our customers with one software centric platform that supports all modalities from computer vision to GenAI. To that end, we’re accelerating our ability to execute and have strengthened our investor base even further with the addition of Maverick Capital, Point72 and others, as we remain laser focused on powering the edge the world relies on.”

“The computational intensity of generative AI has precipitated a paradigm shift in data center architecture. The next phase in this evolution will be widespread adoption of AI at the edge. Just as the data center has been revolutionized, the edge computing landscape is poised for a complete transformation,” said Andrew Homan, Senior Managing Director, Maverick Capital. “ SiMa.ai possesses the essential trifecta of a best-in-class team, cutting-edge technology, and forward momentum, positioning it as a key player for customers traversing this tectonic shift. We’re excited to join forces with SiMa.ai to seize this once-in-a-generation opportunity.”

The current generation of SiMa.ai MLSoC consistently demonstrates embedded edge market leadership for performance and power efficiency, validated most recently by the MLCommonsⓇ MLPerf Inference benchmark (4.0) results, where SiMa.ai competed in the Inference 4.0 closed,edge, power division category. SiMa.ai's best in class results in FPS/W in these benchmarks are a result of continuous innovation to MLSOC and Palette software to optimize end-to-end model execution and performance. For more detailed information about recent updates to Palette 1.2, which include expanded support for C++ and support for running native on Windows.

Made possible by SiMa.ai's proprietary combination of silicon and software, MLSoC adapts to any framework, any network, any model or sensor, and with the addition of Gen 2, any modality: as in audio, speech, text, image, and more. SiMa.ai is poised to address customers' computer vision, transformer and multi-modal generative Al needs all in one, software-centric platform. Utilizing one platform for all edge Al, SiMa.ai customers will benefit from a range of high performance and power optimized AI/ML made available through multiple generations of the SiMa.ai MLSOC. For more information on SiMa.ai's one software centric platform for all generative Al, please read The Next Chapter at SiMa.ai: One Platform for All Edge Al on the SiMa.ai blog.

The second-generation SiMa.ai MLSoC includes innovations from Arm Holdings plc, Synopsys and TSMC, specifically:

An Arm Cortex A CPU, which is a key component of SiMa.ai's heterogeneous compute platform for overall application development. Arm's large, diverse software partner ecosystem further extends SiMa.ai's reach to customers with specialized use cases.

Synopsys EV74 Embedded Vision Processors, which enable critical pre and post processing in computer vision applications on a single chip

TSMC 6nm technology, which generates further performance and power consumption optimizations for MLSOC customers