SiMa.ai secured $30M in Series A Funding round from Dell Technologies Capital

SiMa.ai, a California based machine-learning company enabling high performance compute at the lowest power, has now secured $30 million in the Series A funding round.

The round, which brought the total funding secured to $40 million, was backed by the Dell Technologies Capital. Other participant investors Wing Ventures Capital, +ND Capital, and Amplify Partners, notes the announcement.

Founded in 2018, SiMa.ai is a machine learning company. The company offers high performance compute at the lowest power. SiMa.ai Machine Learning SoC is initially focused more on solutions for the computer vision applications at the embedded edge.

Executive Opinion

Krishna Rangasayee, founder and CEO, SiMa.ai, said, "Securing this funding round is a testament to our team, technology, and customer traction. Our solution addresses a significant market need – customers across industries are challenged to fully adopt machine learning at the edge due to the lack of ease-of-use and low-power solutions. We are engaged with over 20 global and market-leading customers in the areas of robotics, smart cities, autonomous vehicles, medical imaging, and public sector use cases. With this funding round, we will scale our architecture and toolchain to production to deliver on customer commitments."

Daniel Docter, managing director, Dell Technologies Capital, said, "While ML workloads are already proliferating in data centers and ML functionality is being incorporated in edge devices, power constraints are inhibiting adoption in a wide spectrum of embedded system use cases that could benefit from ML. Most other ML solutions are not aimed at addressing this market segment. We are excited to work with SiMa.ai’s visionary team developing a disruptive and holistic solution to address this opportunity."

SiMa.ai's Latest Funding

The company, as of now, has plans to use the new funds to accelerate production as well as to deliver on customer commitments.

Post funding, Daniel Docter, the Managing Director at Dell Technologies Capital, will join the SiMa.ai, Board of Directors team.