What Happened
Funding Boost For Next-Generation Hardware Development
SiMa.ai, a Physical AI company, has raised $150 million in a Series C funding round, valuing the company at $1.45 billion. The funding will be used to scale its Physical AI platform, Palette Neat, and develop next-generation hardware designed to deliver high-performance compute capabilities. SiMa.ai’s platform combines purpose-built silicon and software for Physical AI deployments, targeting applications across robotics, automotive, drones, and aerospace. The company plans to launch its next-generation hardware in the first half of 2028, according to a media report from TradingView News.