Physical AI chip startup SiMa.ai raised a $150M Series C led by Fidelity and Amplify at a $1.45B valuation, aiming to compete with Nvidia's CUDA-based hardware (Kyt Dotson/SiliconANGLE)

SiMa.ai secured a $150 million Series C round led by Fidelity and Amplify, valuing the startup at $1.45 billion. The funding supports its development of a physical AI chip designed to rival Nvidia’s CUDA-based hardware. The company aims to offer competitive performance and lower power consumption for AI workloads.