AI chip startup Sima.ai bags another $30M ahead of growth

As the demand for AI-powered apps grows, startups developing dedicated chips to accelerate AI workloads on-premises are reaping the benefits. A recent ZDNet piece reaffirms that the AI edge chip market is booming, fueled by “staggering” venture capital financing in the hundreds of millions of dollars. EdgeQ, Kneron, and Hailo are among the dozens of upstarts vying for customers, the last of which nabbed $136 million in October as it doubles down on new opportunities.
Another company competing in the increasingly saturated segment is Sima.ai, which is developing a system-on-chip pla

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