Fenwick Represents SiMa.ai in $70M Financing

Fenwick represented SiMa.ai, the software-centric, embedded edge machine learning system-on-chip company, in its $70 million financing. The round was led by Maverick Capital, with participation from Point72 and Jericho, as well as existing investors Amplify Partners, Dell Technologies Capital, Lip-Bu Tan and others.

SiMa.ai will use the funds to continue meeting customer demand for edge AI/ML with its first-generation Machine Learning System-on-Chip (MLSoC) while accelerating the delivery of its second-generation MLSoC for release in Q1 of 2025. More information can be obtained from the company’s announcement.

The transaction was led by corporate partners Sam Angus and Jonathan Sagot and included associates James Clarkin-Breslin and Warren Hill.