Silicon Valley AI chip startup SiMa.ai hooks key investors

OAKLAND: Silicon Valley-based AI chip startup SiMa.ai on Tuesday said it raised an additional $13 million from investors including a key fund in Taiwan called VentureTech Alliance, which has a strong strategic partnership with Taiwan Semiconductor Manufacturing Co.

This is at least the third investment in U.S. chip startups by VentureTech Alliance in the past month. In May, VentureTech invested when Ayar Labs raised another $25 million and Ethernovia raised another $64 million.

SiMa.ai has so far raised a total of $200 million.

While the AI boom sparked by ChatGPT’s viral success is bringing another round of investments into AI hardware, some startups that raised big funds in previous years are already struggling.