SIMA.AI SECURES FUNDS FOR GENERATIVE EDGE AI.

SiMa.ai, a software-centric embedded edge machine learning system-on-chip (MLSoC) company, has raised an additional $70 million in funding. The funds will be used to meet customer demand for edge AI/ML with its first-generation MLSoC and accelerate the delivery of its second-generation MLSoC. The second-generation MLSoC will provide a software-centric platform for all edge AI, supporting various modalities such as computer vision, transformers, and multimodal generative AI. SiMa.ai's MLSoC is designed to deliver industry-leading performance and efficiency for vision-centric edge inference, and future generations will support any modality with even greater performance and power efficiency. [Extracted from the article]