Fidelity Management & Research Company is a private equity firm. Its humanoid robotics portfolio includes SiMa.ai.
SiMa.ai raised a $150 million Series C at a $1.45 billion valuation, co-led by Fidelity and Amplify, to scale its edge-AI chip platform and Palette Neat software for humanoids, drones, and automotive customers looking to leave Nvidia behind. The company claims its pin-compatible module delivers roughly twice the performance of Nvidia's Jetson Orin at one-fifth the power, while its next-generation hardware targeting 1,000 dense TOPS is slated for the first half of 2028, leaving a notable gap versus Nvidia's already-shipping Jetson Thor.
SiMa.ai Technologies, a physical AI chip startup, raised $150M in Series C funding at a $1.45B valuation, co-led by Fidelity Management & Research Company and Amplify. The capital will fund scaling of its Palette Neat agentic development environment and the next generation of its Modalix system-on-chip, targeting 1,000 TOPS in the first half of 2028 as a lower-power alternative to Nvidia's CUDA-based hardware for humanoids, drones, automotive ADAS, and AI cockpits.
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