Other Private Equity/Strategic Investments
Nvidia may lead AI startup Simplismart’s $20-M fundraise at $100-M valuation
Nvidia is in talks to lead a USD 20 million funding round in generative artificial intelligence startup Simplismart , which has offices in Bengaluru and San Francisco, at a valuation of around USD 100 million. The projected valuation would mark a fourfold jump from the roughly USD 25 million at which Simplismart raised USD 7 million in October 2024. Existing investor Accel is also expected to participate in the round. Simplismart counts Snapdeal founder Kunal Bahl’s Titan Capital, Dallas Venture Capital, LetsVenture and angel investors like Notion cofounder Akshay Kothari among its investors.Founded in 2022 by former Oracle and Google engineers Amritanshu Jain and Devansh Ghatak, Simplismart helps companies build and deploy production-grade AI systems and manage the development lifecycle without writing code.It builds software tools that help enterprises deploy, manage and optimise AI models in production environments. The startup’s platform supports large language models, small language models, vision-language models, speech recognition systems and text-to-image and video models. Its customers include Tata 1mg, Mindtickle, InVideo and Dashtoon.
Between Oct 2022 and Sep 2024, Simplismart had attracted about $ 8 M from Anicut Capital, Shastra VC, Accel India, Dallas Venture Capital, Titan Capital and others.For FY25, Simplismart had reported about INR 1 Cr in Operating Income and about INR 9 Cr in Net Loss.
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