Bengaluru-founded SiMa.ai raises $150 million
Bengaluru-founded SiMa.ai has raised $150 million in Series C funding, bringing its total capital to $500 million and valuation to $1.45 billion. The company specializes in 'Physical AI' hardware and software, aiming to dominate the emerging market for robotics, automotive, and drone technology.
Why it matters
The significant investment underscores the growing shift of AI from cloud-based software to tangible, real-world industrial and consumer hardware.
SiMa.ai, a physical AI company founded by Bengaluru-origin entrepreneur Krishna Rangasayee, has on Tuesday (September 29, 2026) raised $150 million in Series C financing, bringing the total capital raised to $500 million and valuing the company at $1.45 billion.
The round was co-led by Fidelity Management & Research Company and Amplify, with participation from Alter Venture Partners, Dell Technologies Capital, and StepStone Group. AllianceBernstein, Baron Capital. J.P. Morgan has also joined the round as new investors.
“Physical AI in humanoids, automotive, and drones is the gateway to a $50 trillion market that has remained largely untouched by modern innovation,” said Founder and CEO Krishna Rangasayee.
While others were still figuring out the pieces or repurposing their cloud offerings, SiMa.ai built the entire puzzle, he added.
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