# SiMa.ai Raises $150 Million to Expand Physical AI Platform

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/24931
Published: 2026-09-28T14:00:02.000Z
Updated: 2026-09-28T14:00:02.000Z
Section: Business

> The Series C lifts SiMa.ai’s total funding to $500 million and values the company at $1.45 billion.

SiMa.ai has completed a $150 million Series C co-led by Fidelity Management & Research Company and Amplify, giving the physical AI company additional capital to expand its software platform and develop a new chip.

Alter Venture Partners, Dell Technologies Capital, Maverick Capital, Point72 and StepStone Group also participated. AllianceBernstein, Baron Capital, JPMorgan and the Michigan state government joined the round as new investors.

SiMa.ai plans to use the financing to scale Palette Neat, its agent software environment. The company also plans to launch a specialized physical AI chip in the first half of 2028 with 1,000 dense TOPS of computing capacity.

The round brings SiMa.ai’s total funding to $500 million and values the company at $1.45 billion.