SiMa.ai, an AI chip startup based in Silicon Valley, has secured an additional $13 million in funding from various investors, including VentureTech Alliance, a prominent fund in Taiwan with a strong strategic partnership with Taiwan Semiconductor Manufacturing (TSMC).
This marks at least the third investment made by VentureTech Alliance in U.S. chip startups within the past month. In May, the fund invested in Ayar Labs with a $25 million investment and Ethernovia with a $64 million investment.
With this recent funding, SiMa.ai has raised a total of $200 million thus far. The company specializes in developing software and hardware solutions designed to execute AI algorithms on devices such as industrial robots, drones, security cameras, and eventually self-driving cars.
Krishna Rangasayee, CEO and founder of SiMa.ai, mentioned that since its establishment in 2018, the company has already started generating revenue. They have managed to attract over 50 customers who are currently testing the capabilities of SiMa.ai’s chips.