Physical AI startup SiMa.ai raises $150M in Series C

SiMa.ai, a physical AI startup founded by Krishna Rangasayee, has raised $150 million in a Series C round co-led by Fidelity Management & Research Company and Amplify, with participation from Alter Venture Partners and Dell Technologies Capital. The round also saw participation from StepStone Group, AllianceBernstein, Baron Capital, and J.P. The funding values SiMa.ai at $1.45 billion and takes its total funding raised to $500 million.