Company
Fidelity Management & Research is the investment-adviser arm of Fidelity Investments, managing mutual funds and making venture and private investments.
SiMa.ai raised $150 million in a round co-led by Fidelity and Amplify at a $1.45 billion valuation, about 51% above its July 2025 price. Its next chip lands in 2028 near the dense speed of the Nvidia Thor on sale today, so until then the price depends on today's Modalix chip winning Orin buyers.
Reality
SiMa.ai raised $150 million at a $1.45 billion valuation to scale its development environment and build its next embedded chip. For device makers on Nvidia's Jetson boards, the case turns on whether that software ports a model in the days or hours SiMa.ai claims.
Perspective Coverage
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SiMa.ai closed an oversubscribed $150M Series C co-led by Fidelity and Amplify at a $1.45bn post-money valuation, with J.P. Morgan and the State of Michigan among new backers. The round bets on chips that run AI on devices rather than in data centres.
Perspective Coverage
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Pay Governance found just 19% of S&P 500 pay plans opposed by both ISS and Glass Lewis failed in 2026, down from 50% in 2022. The weight now sits with the five largest asset managers, whose own voting frameworks backed pay 95.6% of the time.
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Bloomberg reports Zipline is in early talks for about $1bn at roughly $20bn, with Paradigm, a shareholder since March, in line to lead. That is 2.6 times the $7.6bn its Series H set in January.
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Daiwa's tour covered two contract manufacturers, two brand owners and an aesthetics device maker. The foreign stakes already disclosed in the sector cluster inside a band 0.80 of a percentage point wide.
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Capital is rotating toward the hardware that lets machines see, and at $1.6bn Lyte is the clearest price on that layer so far, one set by fund managers rather than by anyone named as a customer.
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The 45% markup in eleven months is measured off October's $11B round. Membership at $5.99 covers roughly a fifth of forecast 2026 sales, and the draft filing carries no audited numbers.
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The revised acceptable use policy, dated August 14, 2026, bars customers from assisting anyone building products that compete with SpaceXAI, directly or indirectly. Enforcement runs to termination.
Reality