SiMa.ai, an edge computing startup focused on physical AI chips, raises $150 million in a Series C round, valuing the company at $1.45 billion. The funding is led by Fidelity Management & Research Company and Amplify, with additional participation reported by other investors.

The company builds chips and accompanying software intended to run AI directly on devices used in robotics and autonomous systems. Sources describe its technology as enabling robots, drones, and cars to process AI workloads at the edge rather than relying solely on cloud computing. While the reports focus on the same valuation and round size, they primarily differ in the amount of detail provided about the company’s product scope and the list of participating investors.

Overall, the coverage centers on the new financing and its implications for SiMa.ai’s push to deploy on-device AI for physical machines.