SiMa.ai raised $70 million from Maverick Capital, Point72, Jericho, Amplify Partners, Dell Technologies Capital, and Fidelity Management. The startup designs chips for AI applications in consumer devices to process data into different content forms for a future where AI is mainstream.
SiMa Raises Funds: SiMa.ai is one of a growing number of startups trying to perfect hardware for a future where AI is mainstream. Founded in 2018, it counts Taiwan Semiconductor Manufacturing Co. director Moshe Gavrielov and Intel Corp. board member Lip‑Bu Tan among its own board members.
Rebellions, a South Korean fabless AI chip startup, said today it has closed $124 million (165 billion KRW) in a Series B round of funding to develop its third AI chip, called Rebel. This Series B values the three-year-old startup at approximately $658 million (880 billion KRW) post-money, CFO of Rebellions Sungkyue Shin said in an exclusive interview with TechCrunch. This latest capital infusion brings the total raised to around $210 million since Rebellions' inception in 2020.
Rebellions, a South Korean fabless AI chip startup, said today it has closed $124 million (165 billion KRW) in a Series B round of funding to develop its third AI chip, called Rebel. This Series B values the three-year-old startup at approximately $658 million (880 billion KRW) post-money, CFO of Rebellions Sungkyue Shin said in an exclusive interview with TechCrunch. This latest capital infusion brings the total raised to around $210 million since Rebellions' inception in 2020.