SiMa.ai Raises $30M in Funding

sima_ai

$30M was raised by SiMA.ai, a machine learning company based in San Jose, CA.

The round was led by Fidelity Management & Research Company with participation from Lip-Bu Tan, Founder and Chairman of Walden International, Founding Managing Partner of Celesta Capital and Walden Catalyst Ventures, who also joined the SimA.ai’s Board of Directors. He previously served as the Chief Executive Officer of Cadence Design Systems, Inc., where he is currently Executive Chairman. Since 2004, he has also been a member of Cadence Board of Directors.  He currently serves on the Boards of Schneider Electric SE (SU: FP) and SoftBank Group (Japan:  9984.T).

The funds will be used by the company to scale up the engineering and business teams worldwide.

SiMa.ai’s founder and CEO is Krishna Rangasayee.

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