Latham & Watkins Advises Leading Tech Investor Maverick in US$70 Million Funding Round for AI-Driven Semiconductor Technology Leader SiMa.ai

SiMa.ai, the software-centric, embedded edge machine learning system-on-chip company, has announced it has raised an additional US$70 million of funding led by Maverick Capital, with participation from Point72 and Jericho, as well as existing investors Amplify Partners, Dell Technologies Capital, Lip-Bu Tan, and others. SiMa.ai will utilize the US$270 million raised to date to continue meeting customer demand for edge AI/ML with its first-generation Machine Learning System-on-Chip (MLSoC) while accelerating the delivery of its second-generation MLSoC for release in Q1 of 2025.

Latham & Watkins LLP represented Maverick in the deal with a corporate deal team led by partners John Miller and Haim Zaltzman, with associates D. Andrew Rondeau and Jihoo Kim. Advice was also provided on finance matters by partner Dan Van Fleet; on tax matters by partner Bora Bozkurt, with associate Michael Yu; on IP and data privacy matters by partner Michelle Gross, with associates Caroline Omotayo and Kiara Vaughn; and on certain regulatory matters by partner Les Carnegie and counsel Catherine Hein, with associate Teddy Ulin.