Maverick Capital, a hedge fund firm, led a $70m round in SiMa.ai, a software-centric, embedded edge machine learning system-on-chip company, with participation from Point72, Jericho, Amplify Partners, Dell Technologies Capital, and Lip-Bu Tan. “AI — particularly the rapid rise of generative AI — is fundamentally reshaping the way that humans and machines work together. Our customers are poised to benefit from giving sight, sound and speech to their edge devices, which is exactly what our next generation MLSoC is designed to do. We have established undeniable technology leadership with our first generation MLSoC and with that momentum, also recognized the imminent need to equip our customers with one software-centric platform that supports all modalities from computer vision to GenAI. To that end, we’re accelerating our ability to execute and have strengthened our investor base even further with the addition of Maverick Capital, Point72 and others, as we remain laser focused on powering the edge the world relies on," Krishna Rangasayee, SiMa.ai Founder and CEO.