Silicon Valley AI chip startup SiMa.ai hooks key investors

FILE PHOTO: SiMa.ai CEO Krishna Rangasayee poses for a picture with his machine learning system used for processing video and images for security cameras, satellite images, drones, industrial robots, and eventually self-driving cars in, San Jose, California, U.S., in this undated handout photo. SiMa.ai/Handout via REUTERS/File Photo

OAKLAND, California(Reuters) - 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.