Fidelity leads $150m round for US AI chip startup SiMa.ai

US AI chip startup SiMa.ai, founded in 2018 by former Groq COO Krishna Rangasayee, has raised $150 million in a funding round led by Fidelity. The company develops AI chips for edge devices.

• Fidelity led the $150 million funding round
• SiMa.ai was founded in 2018 by Krishna Rangasayee
• Rangasayee previously served as COO at Groq
• The startup develops AI chips for edge devices