Fenwick represented SiMa.ai, a machine learning company transforming the embedded edge market through high-performance compute at the lowest power, in its $80 million Series B financing.
The round was led by Fidelity Management & Research Company with participation from Adage Capital Management and existing investors Amplify Partners, Dell Technologies Capital, Wing Venture Capital, Alter Venture Partners and +ND Capital.
The investment will enable SiMa.ai to productize its first-generation machine learning system on a chip (MLSoC™) platform and provide the capital to execute the company’s go-to-market strategy, drive customer success and expand the team and operations globally. More information about the deal can be found in the company’s announcement.
The Fenwick team was led by corporate partner Samuel Angus and included counsel Jonathan Sagot and associates Yashreeka Huq and Elizabeth Gil.