Search results for Fidelity Management
AI & Enterprise
Physical AI chip startup SimaAI raises $150 million at $1.45 billion valuation
Physical AI chip startup SimaAI raised $150 million at a valuation of $1.45 billion, SiliconANGLE reported on Sept. 28. The company plans to use the funds to expand its development environment and develop a next-generation embedded AI compute platform. The Series C round was co-led by Fidelity Management & Research Co and Amplify, with participation from existing and new investors. SimaAI is developing semiconductors and software for physical AI hardware.
AI & Enterprise
Anthropic raises $65 billion in Series H round, valuation rises to $965 billion
Anthropic raised $65 billion in a Series H funding round, lifting its valuation to $965 billion. TechCrunch reported the fundraising is likely to be the company’s last financing before an IPO. The round was co-led by Altimeter Capital, Dragoneer, Greenoaks, Sequoia Capital, Capital Group, Coatue and D1 Capital Partners, with other institutional investors participating. Samsung, SK Hynix and Micron also joined. Anthropic said it will use the funds to expand safety and interpretability research, increase computing and expand products and partnerships.
Crypto
Fidelity launches FIDD stablecoin for retail and institutional investors
Fidelity Investments has launched a U.S. dollar-backed stablecoin, Fidelity Digital Dollar (FIDD), and opened it to retail and institutional investors. According to a recent report by The Block, Fidelity Digital Assets issues FIDD on the Ethereum network. Investors can buy and redeem it at $1 via Fidelity’s platform, trade it on listed external crypto exchanges, and send it to an Ethereum mainnet address. Fidelity Management & Research manages the reserve assets.
