SiMa.ai, a company delivering hardware and software solutions for Physical AI, has raised $85 million in an oversubscribed round, bringing total capital raised to $355 million. 

The latest round was led by Maverick Capital, with participation from existing investors and new investor StepStone Group.

This funding will fuel SiMa.ai's global expansion and accelerate the scale-up of its Physical AI platform, including increased investment in software innovation, go-to-market operations, customer success, and strengthening the automotive roadmap.

SiMa.ai founder and CEO Krishna Rangasayee said, "With strong support from new and existing investors, we're scaling quickly to extend our competitive lead and meet global customer demand across robotics, automotive, industrial automation, aerospace & defense, smart vision, and healthcare."

SiMa.ai ONE is solution combining purpose-built silicon and a software-centric approach. The platform features Modalix, its second-gen multimodal MLSoC now shipping, and Palette, a software suite with both SDK and Edgematic, a no-code visual development tool.

SiMa.ai enables fast AI adoption across real-world use cases across customers in robotics, automotive, industrial automation, aerospace and defense, smart vision, and healthcare.