SiMa.ai raises $150 million at a $1.45 billion valuation to expand its physical AI development environment and build the next generation of its embedded compute platform. Fidelity Management & Research Company and Amplify co-lead the Series C, with several existing and new investors participating; the funding supports Palette Neat and the Modalix system-on-chip, which SiMa.ai aims to deliver with 1,000 tera operations per second in the first half of 2028.
Moonbounce has raised $12 million to grow its AI control engine for content moderation. The engine converts moderation policies into consistent, predictable AI behavior.
Monzo reaches a $5.9 billion valuation through a secondary share sale that gives employees liquidity. Existing investors GIC and StepStone Group buy additional shares in the London-based fintech. The sale follows Monzo’s $425 million March round and $190 million May raise, and comes after the company reported its first full-year pre-tax profit.
Oct 2024TechCrunchNews article
StepStone Group
NYC-based StepStone Group LP offers global private market investment services across multiple asset classes.
